Property market uncertainty after budget changes

Australia's property auction clearance rates recovered slightly to 58% this week after dropping to 50% last week, following federal budget changes to negative gearing and capital gains tax. The policy changes have created uncertainty among investors and buyers, with supporters arguing they provide opportunities for first homebuyers while critics warn of potential rent increases. Experts suggest the market remains in a wait-and-see period as stakeholders assess the impact of the controversial reforms set to begin rolling out from 1 July.See omnystudio.com/listener for privacy information.