In an article for the website realestate.com.au, Paul Thornhill deciphers the effect of the Federal Budget on the property market. With $80 billion spending cut anticipated in the next decade, property investors may find their pockets sealed at the wrong places.
For the time being though, spending cuts won’t be too impacting; what with only 1.7% slated for financial year 2014-15. However, freezing of increase in family tax benefit may have an implication for sure. Another point worth talking about is the survival of the much debated negative gearing.
Many areas will directly benefit from the infrastructure asset recycling program; the West Connex in Sydney being just one among many.
You can read the original article here.
Did you expect negative gearing to stay?
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