First home buyers Sumit Kundu and Anju Dahiya had never heard of negative gearing before they moved to Australia from India.
Regulator-driven credit curbs to investors, and possibly bank caution during the royal commission, however, helped out the couple – both of whom work in IT – by cutting out competition from investors when they bid successfully on a $730,000, three-bedroom house in Watsonia, in Melbourne's north-eastern suburbs, in December.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
