Investors have historically outweighed first-home buyers, but the spread in market participation has never been this wide.
The rate of decline in the new apartments market will largely be determined by the mood of investors.
Limiting negative gearing to new homes could cost the economy $19 billion a year, says BIS Shrapnel.
The impact of the past increased investor activity in the housing sector is flowing through to the lowest increases in rents in over two decades.
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