Housing tax changes lead to a massive increase in stories about rents going up | Weekly Beast

Some publications seized on modelling about returns to property investors, despite unequivocal denials they were forecasts of rent rises.

Plus: what happened at the Ekka? Want to get this in your inbox every Friday? Sign up for the Weekly Beast media newsletter here Brace yourself, The Australian warned on Tuesday , citing a note from the National Australia Bank to its clients: “Rents are projected to soar by as much as 30% over the next two years to compensate many landlords for the loss of property tax concessions” in the budget, its story said.

Hold on, NAB said.

That was “one possible scenario” and “not a forecast”.

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