03/06/2026
With investors fleeing second hand property after the recent budget, prices could go one of two very different directions. Here is what the data is telling us and where the smart money is moving.
Property values are about to split in two directions, and which side you're on will depend entirely on what you own.
Investors holding second hand properties are facing the full capital gains tax rate, no negative gearing, and holding costs that could triple. Most will sell. That flood of stock could push second hand values down, though owner occupiers moving in to fill the gap may prop prices up. It's too early to call.
New property is a different story. Demand for land is rising fast, and when that happens, construction costs follow. If you're looking to buy new, move before those increases hit. Lock in a fixed price contract now.
Lucas Rogers, Rogers Property Group.