PHOTO: CoreLogic NZ’s Nick Goodall says investors are getting nervous. Source: Breakfast

With the potential implementation of a capital gains tax, investors are getting “nervous” – with such a tax likely to make investing in property less profitable, an expert says.

In January, Finance Minister Grant Robertson said the Government’s Tax Working Group is expected to recommend some form of capital gains tax. The group’s recommendations are due out next Monday.

Nick Goodall head of research at CoreLogic NZ told TVNZ1’s Breakfast investors are getting “nervous”.

“I think it’s very likely they will suggest some form of a capital gains tax and it probably will have some form of impact on the market,” Mr Goodall said.