First-homebuyer mortgage demand plunge worst since 2022

Contributing sentiments towards policy:

57% : Negative gearing is being restricted to brand new homes from July next year, for investment properties exchanged after Budget night, as the 50 per cent capital gains tax discount was replaced with inflation-adjusted indexation and a minimum 30 per cent tax.
51% : Mr James said the May Budget tax changes meant more likely first more homebuyers would seek to be owner-occupiers rather than investors, who rented where their career was and rented out a home.
48% : Data analyst Kevin James, who is Equifax's chief solution officer, said first-homebuyers were potentially waiting for potential bargains in the near future, after the Reserve Bank's three rate rises this year along with Labor's negative gearing and capital gains tax changes sparked a housing market downturn.

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