Finance advice

Housing budget boost could create nearly 100,000 new homes

By Reporter

The federal budget’s measures to address infrastructure and housing affordability challenges will result in a 41 per cent boost of affordable housing supply, a report says.

The report commissioned by Master Builders Australia says the government’s measures, if implemented, would be a “huge opportunity” for first home buyers.

“Increasing supply is the only effective way to keep the dream of home ownership alive. Master Builders has lobbied for measures to support the building of more new homes and the government has listened,” the association’s CEO Denita Wawn said.

“Nearly 100,000 new homes, more than 15,000 new jobs, a $3.1 billion for the household hip pocket are just some of the many benefits detailed in unlocking supply, keeping home ownership within reach of all Australians,” Ms Wawn said.

“The report analyses the $75 billion infrastructure package, including the $1 billion National Housing Infrastructure Facility, using modelling from Cadence Economics to determine what it means for the community, economy and the construction sector.”

The report found that the housing affordability and supply measures would:

  • Build 93,000 additional new homes and put downwards pressure on house prices;
  • Inject a $4.5 billion boost to construction industry activity;
  • Give $3.1 billion extra for households; and
  • Create a $2 billion boost for GDP.

This is good news for builders and tradies, the economy, mums and dads, and will go a long way to keeping the Australian dream of home ownership within reach,” Ms Wawn said.

“There has been a lot of attention paid to helping young Australians overcome the deposit gap, but the budget’s supply side measures strike the main blow in keeping home ownership within reach.

“The budget infrastructure and housing affordability provide a huge opportunity to build the new homes needed to keep home ownership within reach. But this and the other economy-wide benefits can only be achieved with the co-operation of the Parliament and Master Builders calls for the infrastructure and housing affordability [bills] to be passed without delay.”

Ms Wawn said the full potential of the housing affordability measures will be addressed by incentivising state governments financially to remove planning and zoning barriers to allow for more homes to be built.

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Purchasing their first property 15 years ago with the intention of creating a property portfolio which would see them comfortably supported during their retirement, Max and Jeanette Schudeboom now have a portfolio of 13 properties.

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Max and Jeanette joins  host Phil Tarrant to discuss their property journey, compare the Australian market to Max’s home town of Holland, and share their plans to maintain the size of their portfolio.

The pair also unpack how they manage and finance their portfolio, discuss the process they go through when choosing where to invest, and share the tips learned from 15 years as property investors.

If you like this episode, show your support by rating us or leaving a review on iTunes (The Smart Property Investment Show) and by following Smart Property Investment on social media: FacebookTwitter and LinkedIn.

If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insights!

RELATED AREAS OF INTEREST:

Two components of good investment research
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AREAS MENTIONED:

Castle Hill
Point Cook
Elizabeth East
Huntfield Heights
Mt Warren Park
Albury
Cambridge Park
Penrith
Braemar
Morayfield
Melbourne
Mill Park
Edens Landing

 

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What 15 years in property investment teaches you
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Property investors are now able to identify and bid on auctions remotely using a new live-streaming functionality launched by Gavl.

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Called “Request an Auction”, the new functionality enables users to watch and bid on any Sydney or Melbourne auction remotely.

Through Gavl, prospective buyers are now able to register to bid on their preferred auction. The platform will obtain permission from the listing agent and confirm within 48 hours.

Vendors can also request to have their auctions broadcast to a larger buyer audience.

Co-founder Joel Smith said that auctions streamed on Gavl attract 47 per cent more viewers than traditional ones.

He said that Request an Auction will be valuable for remote buyers.

“Buyers are able to have Gavl attend any auction they nominate, so they will never have to miss out on an opportunity due to logistical complications in physically attending the auction.

“Vendors, too, have the opportunity to directly book an auction with us, so they can open up their event to buyers all around the world. With more potential buyers, they’re giving their property the chance to receive more bids and maximise their sales result.”

Mr Smith said that prior to the Request an Auction app, buyers were limited to what they could achieve through the Gavl technology.

Gavl is a live-streaming and bidding platform for real estate auctions.

Mr Smith said that it has streamed more than 6,000 auctions, which have achieved 3.5 million views from 50 countries.

Gavl’s Request an Auction function is currently being offered in Melbourne and Sydney only.

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Boost for investors as app sets up off-site bidding
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Having to split her time between Hong Kong and her original base of Sydney has not slowed Julia Tita’s goal of building a high-performance Australian property portfolio. Instead the resulting alterations to her strategy have positively impacted her investing success.

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Having recently purchased her 6th property, Julia joins host Tim Neary to discuss her journey, share her ups and downs over the years, and reveal her thoughts on why some properties are better than others.

Julia also explains why she no longer makes a move without the help of a buyer’s agent, why working with a strong team of specialists is extremely important and discloses her long-term property ambitions.

If you like this episode, show your support by rating us or leaving a review on iTunes (The Smart Property Investment Show) and by following Smart Property Investment on social media: FacebookTwitter and LinkedIn.

If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insights!

RELATED AREAS OF INTEREST:

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AREAS MENTIONED:

Eagleby
Charters Towers
Townsville
Brisbane
Paddington
Sydney
Orange
Melbourne 
Glen Iris
Bondi

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How a move to Hong Kong impacted Julia’s Australian property goals

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