{"id":19046,"date":"2019-01-16T16:08:59","date_gmt":"2019-01-16T05:08:59","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/goldenplains\/?p=19046"},"modified":"2019-01-17T08:31:13","modified_gmt":"2019-01-16T21:31:13","slug":"blanket-reforms-will-impact-weaker-property-markets","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/goldenplains\/real-estate\/blanket-reforms-will-impact-weaker-property-markets\/","title":{"rendered":"Blanket reforms will impact weaker property markets"},"content":{"rendered":"<p><strong>TAKING a blanket approach when implementing major policies unfairly undermines already weak property markets, according to RiskWise Property Research head Doron Peleg.<\/strong><\/p>\n<p>His comments come after the Western Australian Treasurer Ben Wyatt complained to the Australian Prudential Regulation Authority that lending restrictions introduced across Australia by commercial banks were hurting not only the Perth property market, but the wider economy.<\/p>\n<p>The restrictions were introduced to tighten investor lending in Sydney and Melbourne, but the effect has been felt Australia-wide, particularly in the weaker economic states, and Perth prices, which had stabilised, are once again falling.<\/p>\n<p>Mr Peleg said the WA Treasurer\u2019s complaints were \u201cvery unsurprising\u201d but \u201cexpected when you apply a blanket approach to reforms across Australia.\u201d<\/p>\n<p>\u201cAnd this will also be one of the unintended consequences of Labor\u2019s proposed changes to negative gearing and capital gains tax which they will introduce if they are elected into power at the upcoming federal election, which is very likely,\u201d Mr Peleg said.<\/p>\n<p>Mr Peleg said it was clear that applying a blanket approach across Australia when it came to the implementation of major policies did not work.<\/p>\n<p>RiskWise and WargentAdvisory\u2019s report in June into the Impact Analysis: Negative Gearing, CGT &amp; Australia\u2019s Residential Property Markets clearly demonstrated the impact the proposed changes would have on weaker economies.<\/p>\n<p>\u201cEvery time there is a major policy or strategy introduced the potential consequences of it need to be assessed at the capital city level as well as the regional level otherwise there will be unintended consequences, as you can\u2019t expect not to have a major impact on weak areas,\u201d he said.<\/p>\n<p>\u201cThe drop in property prices in Perth due to the credit restrictions is a very clear warning sign of what will happen in that property market and other weaker markets, outside Sydney and Melbourne, if a blanket approach for changes to negative gearing and capital gains tax is implemented.<\/p>\n<p>\u201cIn such cases the government needs to consider measures to boost demand, which we identified in our report, and they include such things as further concessions for first home buyers and lifting restrictions for foreign investors in those areas.<\/p>\n<p>\u201cGovernment at both the state and federal level need to support these weaker markets by devising incentives for them such as increasing infrastructure to boost the economy and job creation and, therefore, population growth.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TAKING a blanket approach when implementing major policies unfairly undermines already weak property markets, according to RiskWise Property Research head Doron Peleg. His comments come after the Western Australian Treasurer Ben Wyatt complained to the Australian Prudential Regulation Authority that lending restrictions introduced across Australia by commercial banks were hurting not only the Perth property [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/timesnewsgroup.com.au\/goldenplains\/real-estate\/blanket-reforms-will-impact-weaker-property-markets\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":129,"featured_media":19047,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[29],"tags":[],"post_folder":[],"class_list":["post-19046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Blanket reforms will impact weaker property markets - Golden Plains Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/goldenplains\/real-estate\/blanket-reforms-will-impact-weaker-property-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blanket reforms will impact weaker property markets - Golden Plains Times\" \/>\n<meta property=\"og:description\" content=\"TAKING a blanket approach when implementing major policies unfairly undermines already weak property markets, according to RiskWise Property Research head Doron Peleg. His comments come after the Western Australian Treasurer Ben Wyatt complained to the Australian Prudential Regulation Authority that lending restrictions introduced across Australia by commercial banks were hurting not only the Perth property [...]Read More...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/timesnewsgroup.com.au\/goldenplains\/real-estate\/blanket-reforms-will-impact-weaker-property-markets\/\" \/>\n<meta property=\"og:site_name\" content=\"Golden Plains Times\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-16T05:08:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-01-16T21:31:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-content\/uploads\/sites\/23\/2019\/01\/Untitled-54.png\" \/>\n\t<meta property=\"og:image:width\" content=\"796\" \/>\n\t<meta property=\"og:image:height\" content=\"777\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"The Ballarat Times\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Ballarat Times\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/real-estate\\\/blanket-reforms-will-impact-weaker-property-markets\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/real-estate\\\/blanket-reforms-will-impact-weaker-property-markets\\\/\"},\"author\":{\"name\":\"The Ballarat Times\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/#\\\/schema\\\/person\\\/4301f908d92f821f2752c965ef566687\"},\"headline\":\"Blanket reforms will impact weaker property markets\",\"datePublished\":\"2019-01-16T05:08:59+00:00\",\"dateModified\":\"2019-01-16T21:31:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/real-estate\\\/blanket-reforms-will-impact-weaker-property-markets\\\/\"},\"wordCount\":400,\"publisher\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/real-estate\\\/blanket-reforms-will-impact-weaker-property-markets\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/23\\\/2019\\\/01\\\/Untitled-54.png\",\"articleSection\":[\"Real Estate\"],\"inLanguage\":\"en-AU\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/real-estate\\\/blanket-reforms-will-impact-weaker-property-markets\\\/\",\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/real-estate\\\/blanket-reforms-will-impact-weaker-property-markets\\\/\",\"name\":\"Blanket reforms will impact weaker property markets - Golden Plains Times\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/real-estate\\\/blanket-reforms-will-impact-weaker-property-markets\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/real-estate\\\/blanket-reforms-will-impact-weaker-property-markets\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/23\\\/2019\\\/01\\\/Untitled-54.png\",\"datePublished\":\"2019-01-16T05:08:59+00:00\",\"dateModified\":\"2019-01-16T21:31:13+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/real-estate\\\/blanket-reforms-will-impact-weaker-property-markets\\\/#breadcrumb\"},\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/real-estate\\\/blanket-reforms-will-impact-weaker-property-markets\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/real-estate\\\/blanket-reforms-will-impact-weaker-property-markets\\\/#primaryimage\",\"url\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/23\\\/2019\\\/01\\\/Untitled-54.png\",\"contentUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/23\\\/2019\\\/01\\\/Untitled-54.png\",\"width\":796,\"height\":777,\"caption\":\"RiskWise Property Research head Doron Peleg says that it is clear that applying a blanket approach across Australia when it came to the implementation of major policies did not work. Photo: SUPPLIED\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/real-estate\\\/blanket-reforms-will-impact-weaker-property-markets\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Blanket reforms will impact weaker property markets\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/#website\",\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/\",\"name\":\"Golden Plains Times\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-AU\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/#organization\",\"name\":\"Golden Plains Times\",\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/23\\\/2020\\\/12\\\/GoldenPlainsNew.png\",\"contentUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/23\\\/2020\\\/12\\\/GoldenPlainsNew.png\",\"width\":3208,\"height\":336,\"caption\":\"Golden Plains Times\"},\"image\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/#\\\/schema\\\/person\\\/4301f908d92f821f2752c965ef566687\",\"name\":\"The Ballarat Times\",\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/author\\\/ballarattimes\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Blanket reforms will impact weaker property markets - Golden Plains Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/timesnewsgroup.com.au\/goldenplains\/real-estate\/blanket-reforms-will-impact-weaker-property-markets\/","og_locale":"en_US","og_type":"article","og_title":"Blanket reforms will impact weaker property markets - Golden Plains Times","og_description":"TAKING a blanket approach when implementing major policies unfairly undermines already weak property markets, according to RiskWise Property Research head Doron Peleg. His comments come after the Western Australian Treasurer Ben Wyatt complained to the Australian Prudential Regulation Authority that lending restrictions introduced across Australia by commercial banks were hurting not only the Perth property [...]Read More...","og_url":"https:\/\/timesnewsgroup.com.au\/goldenplains\/real-estate\/blanket-reforms-will-impact-weaker-property-markets\/","og_site_name":"Golden Plains Times","article_published_time":"2019-01-16T05:08:59+00:00","article_modified_time":"2019-01-16T21:31:13+00:00","og_image":[{"width":796,"height":777,"url":"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-content\/uploads\/sites\/23\/2019\/01\/Untitled-54.png","type":"image\/png"}],"author":"The Ballarat Times","twitter_card":"summary_large_image","twitter_misc":{"Written by":"The Ballarat Times","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/real-estate\/blanket-reforms-will-impact-weaker-property-markets\/#article","isPartOf":{"@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/real-estate\/blanket-reforms-will-impact-weaker-property-markets\/"},"author":{"name":"The Ballarat Times","@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/#\/schema\/person\/4301f908d92f821f2752c965ef566687"},"headline":"Blanket reforms will impact weaker property markets","datePublished":"2019-01-16T05:08:59+00:00","dateModified":"2019-01-16T21:31:13+00:00","mainEntityOfPage":{"@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/real-estate\/blanket-reforms-will-impact-weaker-property-markets\/"},"wordCount":400,"publisher":{"@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/#organization"},"image":{"@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/real-estate\/blanket-reforms-will-impact-weaker-property-markets\/#primaryimage"},"thumbnailUrl":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/23\/2019\/01\/Untitled-54.png","articleSection":["Real Estate"],"inLanguage":"en-AU"},{"@type":"WebPage","@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/real-estate\/blanket-reforms-will-impact-weaker-property-markets\/","url":"https:\/\/timesnewsgroup.com.au\/goldenplains\/real-estate\/blanket-reforms-will-impact-weaker-property-markets\/","name":"Blanket reforms will impact weaker property markets - Golden Plains Times","isPartOf":{"@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/#website"},"primaryImageOfPage":{"@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/real-estate\/blanket-reforms-will-impact-weaker-property-markets\/#primaryimage"},"image":{"@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/real-estate\/blanket-reforms-will-impact-weaker-property-markets\/#primaryimage"},"thumbnailUrl":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/23\/2019\/01\/Untitled-54.png","datePublished":"2019-01-16T05:08:59+00:00","dateModified":"2019-01-16T21:31:13+00:00","breadcrumb":{"@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/real-estate\/blanket-reforms-will-impact-weaker-property-markets\/#breadcrumb"},"inLanguage":"en-AU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/timesnewsgroup.com.au\/goldenplains\/real-estate\/blanket-reforms-will-impact-weaker-property-markets\/"]}]},{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/real-estate\/blanket-reforms-will-impact-weaker-property-markets\/#primaryimage","url":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/23\/2019\/01\/Untitled-54.png","contentUrl":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/23\/2019\/01\/Untitled-54.png","width":796,"height":777,"caption":"RiskWise Property Research head Doron Peleg says that it is clear that applying a blanket approach across Australia when it came to the implementation of major policies did not work. Photo: SUPPLIED"},{"@type":"BreadcrumbList","@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/real-estate\/blanket-reforms-will-impact-weaker-property-markets\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/timesnewsgroup.com.au\/goldenplains\/"},{"@type":"ListItem","position":2,"name":"Blanket reforms will impact weaker property markets"}]},{"@type":"WebSite","@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/#website","url":"https:\/\/timesnewsgroup.com.au\/goldenplains\/","name":"Golden Plains Times","description":"","publisher":{"@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/timesnewsgroup.com.au\/goldenplains\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-AU"},{"@type":"Organization","@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/#organization","name":"Golden Plains Times","url":"https:\/\/timesnewsgroup.com.au\/goldenplains\/","logo":{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/#\/schema\/logo\/image\/","url":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/23\/2020\/12\/GoldenPlainsNew.png","contentUrl":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/23\/2020\/12\/GoldenPlainsNew.png","width":3208,"height":336,"caption":"Golden Plains Times"},"image":{"@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/timesnewsgroup.com.au\/goldenplains\/#\/schema\/person\/4301f908d92f821f2752c965ef566687","name":"The Ballarat Times","url":"https:\/\/timesnewsgroup.com.au\/goldenplains\/author\/ballarattimes\/"}]}},"_links":{"self":[{"href":"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-json\/wp\/v2\/posts\/19046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-json\/wp\/v2\/users\/129"}],"replies":[{"embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-json\/wp\/v2\/comments?post=19046"}],"version-history":[{"count":0,"href":"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-json\/wp\/v2\/posts\/19046\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-json\/wp\/v2\/media\/19047"}],"wp:attachment":[{"href":"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-json\/wp\/v2\/media?parent=19046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-json\/wp\/v2\/categories?post=19046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-json\/wp\/v2\/tags?post=19046"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-json\/wp\/v2\/post_folder?post=19046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}