Australia's government has just overhauled the rules for property investors, scrapping negative gearing on existing homes, tightening capital gains tax concessions, and blocking self managed super funds from borrowing to buy residential property. In this episode, mortgage broker and economics graduate Paul Davey joins Vincent Turner to break down exactly what these changes mean, and more importantly, what they mean for New Zealanders looking to buy a home in Australia. They cover the difference between investor impact and owner occupier impact, why the media may be overstating the current slowdown, lessons from New Zealand's own post COVID property correction, and how the NZD to AUD exchange rate fits into the timing of your move.
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