May 28, 2026 – 6.07pmHousing market turnover may decline by 20 per cent as a result of high interest rates and the budget’s crackdown on property tax breaks for investors, stymying the supply of housing available for purchase.According to the latest analysis from Westpac, released on Thursday, investor activity in the property sector is also expected to fall 34 per cent over the next year and a half.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Housing market turnover to fall 20pc after tax revamp: Westpac
The bank’s economists anticipate a 34 per cent drop in investor activity due to the crackdown on property sector tax breaks in the federal budget.
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