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AAP
AAP
Politics
Jacob Shteyman

Middle ring could be 'hollowed out' by tax overhaul

Tim Lawless Cotality Mick Tsikas Federal Budget the Australian Bureau of Statistics
Economists expect an uptick in demand for new houses in the outer suburbs and inner-city apartments. (AAP PHOTOS)

Rental supplies in the middle ring of Australian capital cities could be hollowed out by changes to investor tax concessions in the federal budget.

Real estate agents expect investor interest in established properties to crater after Tuesday's budget scrapped negative gearing and wound back the capital gains tax discount.

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