Rents recorded an unprecedented 0.6% fall in the year to 30 June according to CoreLogic, driven mainly by steep falls in the commodity-reliant cities of Darwin and Perth.
In the lead up to the federal election, the authors of the Rental Affordability Index have called for new emphasis on housing affordability, as the latest data reveals even middle-income earners are experiencing rental stress.
If negative gearing is restricted, there is a risk that investors will be discouraged from purchasing property, thereby reducing the number of rental options for those who choose or must rent their home.
