The federal budget missed a key opportunity, according to property investors

While the 2022-23 federal budget was focused primarily on helping owner-occupiers, first-home buyers and those needing affordable housing, many believe more should have been done to support residential property investors too.

“There is a real need for more rental accommodation, particularly in the regions where vacancy rates are virtually zero in many areas,” says Max Shifman, national president of the Urban Development Institute of Australia.

“We rely partly on investors to provide homes for tenants, but the supply of housing isn’t keeping up with the demand at all. Supply side support and reforms are critical.

Read More: https://www.smh.com.au/property/news/the-federal-budget-missed-a-key-opportunity-according-to-property-investors-20220422-p5afh5.html