Benjamin Naddaf, 24, was preparing to become a “rentvestor” before the federal budget landed on May 12. Overnight, his financial blueprint vanished.
“My purchasing power has effectively declined by approximately $100,000 to $150,000 on a potential investment property, and my strategy – previously heavily reliant on negative gearing – has had to be completely rethought,” says Naddaf, who lives with his parents in Sydney and works in the real estate division of an investment management team.
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