Finance advice

NSW Budget 2018–19 overview — What property investors need to know

By Sasha Karen
NSW budget, Sydney, Australia, city skyline, property investors, property investment, investing, property market, buying market, what investors need to know

The New South Wales budget has been handed down and there are a few things that investors should keep an eye out for that could raise their portfolio’s value.

Delivered on Tuesday (19 June), the New South Wales budget for the 2018–19 financial year has some bits and pieces that could help improve the profitability of an investor’s portfolio due to an improving economy, but nothing that directly targets existing local investors.

First home buyers

While existing investors did not show up in the budget papers, first home property buyers did, who may transition into first-time property investors.

The budget papers stated that transfer duty relief and grants would be made available to first home buyers. The relief would see first home buyers saving an average of $14,500, with additional benefits being made available to bring those savings up to $34,361.

Health

In financial year 2018–19, the New South Wales government plans to spend $8 billion on health, which includes:

Schools

In financial year 2018–19, the New South Wales government plans to spend $6 billion on schools over the next four years, which incluldes:

  • Starting the construction of 40 new and upgraded school projects
  • Starting the planning for over 20 new schools and upgrades
  • Continuing construction of over 110 new and upgrading school projects
  • $197.8 million over the next four years to extend the Start Strong program, which includes:
    • Extending it to three-year-olds
    • $42.1 million in grants for constructing 4,800 new community preschool places
  • $500 million over five years for cooling equipment for schools;
  • $160 million for planned maintenance of schools
  • $30 million over four years to open school playgrounds and sporting facilities for community use during weekends and school holidays
  • $39.2 million over four years to replace and upgrade PCYCs, which includes:
  • $285.2 million over six years to fund 100,000 fee-free apprenticeships and addressing skills shortages in areas of demand

Infrastructure

In financial year 2018–19, the New South Wales government plans to spend $15.3 billion on infrastructure, which includes:

  • $3 billion reservation, including $28.1 million to fast-track the planned railway between the Sydney CBD and Greater Parramatta
  • $4.3 billion for Sydney Metro, which includes:
    • $2.4 billion to link North West Sydney to Chatswood
    • $1.9 billion to link Chatswood to Bankstown
  • $1.8 billion to continue construction of WestConnex
  • $1.2 billion to continue upgrading the Pacific Highway, which includes continuing construction between Woolgoolga and Ballina and planning for the Coffs Harbour bypass
  • $438.9 million to upgrade roads to support the upcoming Western Sydney Airport at Badgerys Creek, which includes continued construction of Bringelly Road and The Northern Road between Narellan and Penrith
  • $282.8 million to plan or deliver missing links on motorways and major routes in Sydney, which includes the first stage of the F6 extension, NorthConnex, Sydney Gateway and the Western Harbour Tunnel and Beaches Link
  • $281.3 million to address road congestion in Sydney and to continue construction on the M4 Smart Motorway
  • $258 million to the first stage of Parramatta Light Rail
  • $11.6 million to planning upgrades to HeathcoteHeathcote, NSW Heathcote, VIC Road, which includes the widening of the Woronora River Bridge and widening the road between Holsworthy and Voyager Point
  • $1.5 billion to bus services
  • $1.2 billion to public transport concessions
  • $133 million for upgrading transport infrastructure
  • $87 million for Community Transport and Home and Community Care services
  • $23 million for ticketing, licensing and concessions
  • $15.6 million to the Growth Services Program
  • $640 million to the More Trains, More Services program to upgrade the capacity of the network, particularly for the T4 and T8 lines

Sports, arts and culture

In financial year 2018–19, the New South Wales government plans to spend $1.5 billion on sports, arts and culture, which includes:

  • $245 million to build a new Powerhouse Museum in Parramatta, master planning for a creative industries precinct in Ultimo and upgrading the Museums Discovery Centre at Castle Hill
  • $912.7 million to stadium investment, which includes:
    • $729 million over four years to replace Sydney Football Stadium at Moore Park
    • $183.7 million to construct the Western Sydney Stadium in Parramatta
  • $173 million to deliver the Visitor Economy Industry Action Plan, which includes:
    • $82 million to promoting major events
    • $54 million for tourism promotion
  • $100 million over five years to increase the number and quality of regional sporting facilities
  • $30 million to support development of arts and cultural activities
  • $24.1 million for grants to support screen production
  • $5.8 million to upgrade the Australian Museum
  • $6.1 million over four years to the ongoing operation of the Anzac Memorial
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podcast

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With the softening market impacting property values in many parts of Australia, Sally Dale, Opteon state director for NSW, ACT and Qld joins us to discuss the importance of valuations in the current property market

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Joining host Phil Tarrant, Sally will draw on her 25 years of experience in valuation and discuss the processes involved in arriving at a value for a particular property. She will also share how that process differs between commercial and residential properties and the difficulties which regional property valuations can present.

Sally will unpack the importance and cost of regular valuations on your properties, discuss whether presentation and owner input can sway a valuation and share what you should look for when seeking a reputable property valuer.

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!

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A softening market can be a difficult time for a property investor with finance approval tightening and property capital growth slowing, and while many real estate agents are also feeling the squeeze McGrath Brighton Le Sands' Bill Tsounias claims it is simply the market returning to normal.

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In this episode of the Smart Property Investment Show, Bill joins host Phil Tarrant to share his thoughts on the current Sydney property market, and to share the shifts that he has seen in house and unit sale prices following their worst quarter in the past decade.

Bill will unpack why properties are spending longer on market, share what he believes property investors are doing wrong when trying to sell their properties and share the secrets to getting the best out of a real estate agent and an auction in the current softening market.

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!

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Top 100 ranked agent Bill Tsounias shares the secrets to getting the best deal in a softening market
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Gavin Kemp and his now-fiancé bought their first property together after only six months of dating. They weren’t even living together at the time. Now, two years on, the pair have bought five properties, sold two and have a solid plan in place for their ongoing property journey. 

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In this episode of the Smart Property Investment Show, Gavin joins host Phil Tarrant to discuss how he chose the locations where he decided to invest and how, due to the initial lack of education (something that he now values highly), he lost money on his first two investments.

Gavin will share his thoughts on the current property market, reveal the people who he has leaned on throughout his property journey and discuss why his strategy employs a zero procrastination rule.

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!

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Launceston
Raceview

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A joint property portfolio before they were even living together

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