{"id":846015,"date":"2026-08-06T21:14:11","date_gmt":"2026-08-06T21:14:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/846015\/"},"modified":"2026-08-06T21:14:11","modified_gmt":"2026-08-06T21:14:11","slug":"the-housing-market-boom-thats-not-helping-anyone","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/846015\/","title":{"rendered":"The housing market boom that\u2019s not helping anyone"},"content":{"rendered":"

The Albanese government\u2019s property tax changes are creating a boom at one end of the housing market – and it\u2019s not good.<\/p>\n

Nathan Birch, the head of property management firm Blink, which manages close to 7,000 rentals across the country, said seasoned investors are now snapping up cheap homes <\/a>because they can no longer afford pricier ones.<\/p>\n

\"How<\/p>\n

Mr Birch said following the changes to negative gearing rules, investors now want \u201ccash-positive\u201d investments that are only available at the lower end of the property market.<\/p>\n

He also said banks are lending less now the negative gearing add back has disappeared. This is shutting out first-time homebuyers from the market, he said.<\/p>\n

\u201cWhere [investors] could buy a $1m property, now they can only buy $750k, so there are more people being pushed into the cheaper end of town,\u201d he told news.com.au<\/p>\n

\u201cThe market hasn\u2019t fallen, per se – there are some areas that have softened like top end prices [which] are volatile. The cheaper stock, where you expect the first homebuyers to be, is quite hot and it\u2019s causing a boom in the bottom end\u201d.<\/p>\n

He also said rents have been increasing by up to 15 per cent in certain markets and partly blamed the government\u2019s changes to negative gearing rules and the capital gains tax.<\/p>\n

\u201cIt\u2019s sad for tenants out there. Everyone\u2019s being pushed from every angle, today. Everything\u2019s going up in value, and it\u2019s not just the owner being an a******* and pushing it up, council rates have gone up 10 per cent, in some instances, and inflation is very high across all corners of the market. People are hurting on all fronts,\u201d he said.<\/p>\n

\u201cBut for tenants, that\u2019s an extra $50 a week. If you\u2019re spending $400 a week on rent and you\u2019re getting paid $800 or $1,000 a week, $50 is a lot for those guys.\u201d<\/p>\n

He said mass migration, coupled with fewer homeowners wanting to sell, was creating a national shortage of affordable housing.<\/p>\n

\u201cLet\u2019s say we\u2019ve got 100 landlords and 100 tenants, there\u2019s a seat for every bum to sit on. But the problem we have today is that we\u2019re putting more tenants in the market because of massive immigration. There are more bums but the same amount of seats,\u201d he said.<\/p>\n

\u2018Heading for the exits\u2019<\/p>\n

It comes as rent increases have already surpassed the $2 weekly increase forecast by Treasury and are expected to rise at speed in the coming months as landlords try to plug losses caused by the removal of negative gearing on established homes.<\/p>\n

The latest data from property insights group PropTrack shows national rents are at a high of $670 a week after climbing $10 over the June quarter, according to reporting by The Australian<\/a>.<\/p>\n

Meanwhile, national real estate firm The Agency found a 15 per cent rise in homeowners requesting a sales appraisal of their properties in the past four weeks.<\/p>\n

Two in five landlords of properties being run by the real estate agency said they expected a minor to moderate hit to their existing assets and were reconsidering their investment strategies. A further 10 per cent said the impact would be \u201csignificant\u201d and were rethinking residential property altogether.<\/p>\n

National head of property management, Maria Carlino, said rents have risen between 9 and 10 per cent since the budget across homes the firm manages in Melbourne, Sydney, Queensland and Perth.<\/p>\n

One Townsville house will see its weekly rent jump from $500 to $570 in November while a Brisbane apartment will rise from $590 a week this month to $680 in February.<\/p>\n

PSK Financial Services planner James Gerrard said this was a sign investors were \u201cheading for the exits.\u201d<\/p>\n

\u201cAlthough negative gearing rules are grandfathered, they are seeing an increase in interest rates and repayments,\u201d Mr Gerrard told The Australian.<\/p>\n

\u201cThey\u2019re finding it a little bit hard from a cashflow perspective, and they\u2019re now wanting to increase rents as much as possible \u2026 given a preference for cashflow positive properties.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"The Albanese government\u2019s property tax changes are creating a boom at one end of the housing market –…\n","protected":false},"author":2,"featured_media":846016,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[390516,417150,417142,417157,417132,417149,417185,417122,387327,417172,72756,417156,20377,417187,417167,35242,28329,43158,417120,417147,417130,417137,417113,417174,398524,380489,376730,390220,417180,155564,417121,417160,404599,394681,381022,11756,417163,417173,417154,417178,417161,64,63,401148,7105,417116,99,417125,32092,417140,417168,373150,67453,264402,417131,411311,417118,417177,417184,161487,417143,90602,1194,7688,5465,417186,7929,417119,314749,80334,417145,106300,417151,647,417141,417166,319586,417164,417124,417179,417162,417146,10928,320045,417159,23695,417114,417126,1861,412088,417134,126446,417128,417158,417133,417176,11142,417182,123181,417183,417170,9708,417175,417144,41632,670,57410,412075,382394,417139,412902,378344,177343,417165,417148,51894,412068,384090,417127,417152,391324,313300,417117,417135,394730,417171,23023,167550,398113,382523,402694,402665,377435,417155,386277,417115,417123,417112,391456,409056,417138,417136,417169,412070,381799,383350,24080,417153,13060,13998,412112,417181,417129],"class_list":["post-846015","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-s-changes","tag-s-negative-gearing","tag-s-property-tax-changes","tag-cash-positive-investments","tag-500-to-570","tag-417149","tag-417185","tag-417122","tag-750k","tag-800-or-1","tag-72756","tag-000-rentals","tag-20377","tag-100-landlords","tag-100-tenants","tag-35242","tag-28329","tag-43158","tag-a-1m-property","tag-a-15","tag-a-boom","tag-a-brisbane-apartment","tag-a-cashflow-perspective","tag-a-further-10","tag-a-high","tag-a-little-bit","tag-a-lot","tag-a-minor","tag-a-national-shortage","tag-a-new","tag-a-preference","tag-a-sales-appraisal","tag-a-seat","tag-a-sign","tag-a-week","tag-affordable-housing","tag-all-corners","tag-all-fronts","tag-an-a","tag-an-extra-50","tag-an-increase","tag-au","tag-australia","tag-australian-suburbs","tag-banks","tag-between-9-and-10","tag-business","tag-cashflow-positive-properties","tag-cent","tag-cent-rise","tag-certain-markets","tag-cgt-changes","tag-cheap-homes","tag-council-rates","tag-established-homes-the-latest-data","tag-every-angle","tag-every-bum","tag-february-psk-financial-services-planner-james-gerrard","tag-fewer-homeowners","tag-first-time-homebuyers","tag-five-landlords","tag-homeowners","tag-homes","tag-housing","tag-inflation","tag-interest-rates-and-repayments","tag-investors","tag-its-weekly-rent-jump","tag-landlords","tag-losses","tag-maria-carlino","tag-mass-migration","tag-massive-immigration","tag-melbourne","tag-moderate-hit","tag-more-bums","tag-more-people","tag-more-tenants","tag-mr-gerrard","tag-nathan-birch","tag-national-real-estate-firm","tag-national-rents","tag-negative-gearing","tag-negative-gearing-changes","tag-negative-gearing-rules","tag-november","tag-one-end","tag-one-expert","tag-people","tag-postcode-prestige","tag-pricier-ones-forget-property-prices","tag-properties","tag-property-insights-group-proptrack","tag-property-management","tag-property-management-firm-blink","tag-queensland-and-perth-one-townsville-house","tag-rent","tag-rent-increases","tag-rents","tag-residential-property-altogether-national-head","tag-seasoned-investors","tag-seats","tag-some-areas","tag-some-instances","tag-speed","tag-sydney","tag-tenants","tag-the-poor","tag-the-problem","tag-the-2-weekly-increase-forecast","tag-the-agency","tag-the-albanese-government","tag-the-australian","tag-the-australian-meanwhile","tag-the-bottom-end","tag-the-budget","tag-the-capital-gains-tax","tag-the-changes","tag-the-cheaper-end","tag-the-cheaper-stock","tag-the-coming-months","tag-the-country","tag-the-exits","tag-the-exitsit","tag-the-firm","tag-the-first-homebuyers","tag-the-government","tag-the-head","tag-the-housing-market","tag-the-impact","tag-the-june-quarter","tag-the-lower-end","tag-the-market","tag-the-negative-gearing","tag-the-owner","tag-the-past-four-weeks-two","tag-the-property-market-he","tag-the-real-estate-agency","tag-the-removal","tag-the-rich","tag-the-same-amount","tag-their-existing-assets","tag-their-investment-strategies","tag-their-properties","tag-this-month","tag-those-guys","tag-today","tag-top-end-prices","tag-town","tag-treasury","tag-unexpected-metric","tag-up-to-15","tag-yo-chi-mr-birch"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/846015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=846015"}],"version-history":[{"count":0,"href":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