How to buy house and land packages in Australia
If you’re planning to buy a house and land package, it can be tricky if you’re not familiar with the ins and outs of...
Scott Morrison and the Liberal Party have held government, meaning major cuts to negative gearing and capital gains tax are off the table.
Will property markets rally?
The jury is still out on how the markets will react to the Liberal victory, although it’s broadly accepted that prices will remain more steady under a Liberal government.
“The stability of a familiar government, and an expected interest rate cut in the coming months, will boost confidence in the property market and encourage vendors and buyers to reengage,” said LJ Hooker’s head of research, Mathew Tiller.
“Australian’s have been patiently waiting to see the outcome of the May 18 federal election before making a decision to act,” he said.
Labor’s proposed negative gearing changes were expected to rattle property investors, and soften values in capital cities in the short to medium term.
In addition, although modelling was mixed across the board, Labor’s negative gearing changes were also tipped to soften rental returns in capital cities.