It seems likely that nationally, property sales and therefore values, will be considerably altered given the government’s planned limitations on numbers of and purchases available to overseas buyers, increased taxation of local property investor incomes and sales proceeds along with limitations on and participation in the Reserve Bank’s management of the country’s monetary policy.
While most of these measures are resultant from rampant demand and therefore price growth in a few prime markets, they will effect the entire country, possibly driving many of the regions into decline yet local price growth having been minor in recent years.
As always though, the effects of such measures take time, so those selling and then buying in the same time-span and in a similar market will not be disadvantaged.
