House prices: Experts predict where the market is headed
9 minutes to read
After last month s big policy announcement, what s left for the Government to do on housing affordability? Plenty, say economists who will be looking to this month s Budget for more action on the supply side of the market equation.
Essentially, there are two ways to affect prices.
You can limit demand by either reducing the number of potential buyers or by making it less attractive to buy more houses.
On that front, the Government appears to have gone about as far as it can without introducing a full capital gains tax (which it has ruled out).
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