Buyers agent Dashdot collapses as negative gearing, CGT reforms hit property investors
The online property advisory has placed itself in voluntary liquidation, with customers who paid thousands of dollars in upfront fees fearful they will be left stranded.
Just two weeks after the Albanese government unveiled plans to scale back negative gearing and capital gains tax concessions, a prominent national advisory firm targeting property investors is closing its doors after making more than 40 staff members redundant.
Dashdot, which charged prospective investors thousands of dollars to find, acquire and manage properties across Australia, has placed itself into voluntary liquidation, sparking fears among anxious customers who paid it upfront fees and now fear they will be left stranded.
The agency worked with more than 1,800 customers and helped acquire 2,800 properties over its seven year run.
As Capital Brief has revealed, the CGT and negative gearing reforms have forced Australia’s biggest banks to curb lending to leveraged investors who can no longer count on increased cashflow from the tax concession.
