Aug 13, 2026 – 11.30amInvestors in the outer suburbs of Melbourne and Sydney have been hit hardest by the federal budget restrictions on residential property investment, with an average of just 0.5 attendees at open inspections in Mickleham in Melbourne’s north and in The Ponds in Sydney’s north-west.The budget decision to remove negative gearing in existing homes and replace the 50 per cent capital gains tax deduction with an inflation-indexed model has amplified a property downturn triggered by three interest rate rises since February.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Investors dry up fastest in outer suburbs as budget changes bite
Visitor numbers at inspections don’t directly correlate with price movements, but give a reflection of the market. And they’ve nearly halved since February.
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