Further to our update last week on the Property Market.
We were pleased to see some more commentary from other property industry players who have similar sentiment. This is a quote which we thought summarised the position well:
The reality is, there are a vast number of different property markets within Australia, and hundreds of different sub-sections within these, all of which are at different points in their property cycle. Take Perth and Brisbane for example. These residential markets are near the bottom or showing initial signs of recovery – a far cry away from the current situation in Sydney and Melbourne. Even our own government and government agencies are guilty of this generalisation in their policies that affect the property market. You only need to look at recent lending regulations (and APRA changes in particular) to know this national outlook doesn’t work. The next policy with national impact is negative gearing. When are we going to realise this and move away from the blanket approach?
Source: Damien Collins, Momentum Wealth, LinkedIn Post 27th March 2019
If you have any questions, please contact us on (08) 9227 6300 or firstname.lastname@example.org
Important information and disclaimer
This publication has been prepared by AustAsia Group including AustAsia Real Estate Pty Ltd (REBA Licence No. RA1736), AustAsia Financial Planning Pty Ltd (AFSL License No 229454) and AustAsia Finance Brokers Pty Ltd (Australian Credit Licence No 385068).
Any advice in this publication is of a general nature only and has not been tailored to your personal circumstances. Accordingly, reliance should not be placed on the information contained in this document as the basis for making any financial investment, insurance or other decision. Please seek personal advice prior to acting on this information.
Information in this publication is accurate as at the date of writing, 22 March 2019. Some of the information may have been provided to us by third parties. Whilst it is believed the information is accurate and reliable, the accuracy of that information is not guaranteed in any way.
Opinions constitute our judgement at the time of issue and are subject to change. Neither the Licensee nor any member of AustAsia Group, nor their employees or directors give any warranty of accuracy, nor accept any responsibility, for any errors or omissions in this document.
Any general tax information provided in this publication is intended as a guide only and is based on our general understanding of taxation laws. It is not intended to be a substitute for specialised taxation advice or an assessment of your liabilities, obligations or claim entitlements that arise, or could arise, under taxation law, and we recommend you consult with a registered tax agent.