Has Labor’s tax reform killed ‘rent-vesting’ for young Australians seeking a foothold in the housing market?

Rent-vesting – a popular strategy used by young Australians to save for their first home – could be killed off by Labor’s tax changes on investment properties, experts warn. Renters have used the strategy to keep living in their preferred area while buying a cheaper property elsewhere, hoping it will rise in price so they can sell and put the profits towards their first home. It has boomed in popularity as young Australians struggle to break into an unaffordable housing market. …