The Turnbull government is acting on its plans to target high-end investors... Brisbane still no.1 for investors...
Negative gearing plan to hit the rich
The Turnbull government is acting on its on plans to target high-end investors by capping the number of properties that can be geared or limiting the annual tax deductions of which can be claimed, the Australian Financial Review reports.
Negative gearing is being targeted by both major parties but The Turnbull government has rejected Labor's policy to restrict negative gearing to new properties.
Labor's policy would make it harder for mum and dad investors to buy new houses or units off the plan, Treasurer Scott Morrison told the AFR.
This, he said, would intensify the inequity caused by negative gearing in which first homebuyers struggle to compete against cashed-up investors.
"Investors accessing negative gearing will now have only one option in the housing market and if you're a first-home buyer looking to buy a new home, you'll be competing with all of them."
Brisbane still no.1 for investors
Queensland's capital city remains Australia’s leading residential property investment location according to the latest Performance Property Advisory Property (PPA) Investor Market Update*.
“Homes in Brisbane are showing strong investor value and will continue to do so thanks to the city’s ongoing population growth, low levels of unemployment (currently around 5.4 per cent) and its continued undersupply of housing," says PPA Director Acquisitions, David McMillan.
“Brisbane’s residential population has grown by 27 per cent over the past decade or so - from approximately 1.7 million to 2.1 million people – with an additional population increase of 820,000 projected over the next two decades.
“Combine this with the fact that the infrastructure spend is up $1.07B on 2015 and you have a very positive story for Brisbane!”
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The Turnbull government is acting on its on plans to target high-end investors by capping the number of properties that can be geared or limiting the annual tax deductions of which can be claimed, the Australian Financial Review reports.
Negative gearing is being targeted by both major parties but The Turnbull government has rejected Labor's policy to restrict negative gearing to new properties.
Labor's policy would make it harder for mum and dad investors to buy new houses or units off the plan, Treasurer Scott Morrison told the AFR.
This, he said, would intensify the inequity caused by negative gearing in which first homebuyers struggle to compete against cashed-up investors.
"Investors accessing negative gearing will now have only one option in the housing market and if you're a first-home buyer looking to buy a new home, you'll be competing with all of them."
Brisbane still no.1 for investors
Queensland's capital city remains Australia’s leading residential property investment location according to the latest Performance Property Advisory Property (PPA) Investor Market Update*.
“Homes in Brisbane are showing strong investor value and will continue to do so thanks to the city’s ongoing population growth, low levels of unemployment (currently around 5.4 per cent) and its continued undersupply of housing," says PPA Director Acquisitions, David McMillan.
“Brisbane’s residential population has grown by 27 per cent over the past decade or so - from approximately 1.7 million to 2.1 million people – with an additional population increase of 820,000 projected over the next two decades.
“Combine this with the fact that the infrastructure spend is up $1.07B on 2015 and you have a very positive story for Brisbane!”
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5 steps to a perfect work week
4 things to consider when growing your team
What are the consequences of the investment lending crackdown?
