Our Backyard – Aireys Inlet

The federal election is finally over and despite all the predictions there has been no change in government.

Listening to many of the experts over the past few days, it appears that this is very good news for the property market.

Australia’s banking regulator, APRA has announced plans to relax the assessment rate for home loans.  The government has moved to support first home buyers with a deposit scheme.  The fear of changes to the negative gearing laws and capital gains tax have been erased.  There is also talk of a number of interest rate cuts coming.

Given all this, many experts are predicting the bottom of the market is likely to occur earlier than many initially thought.  Let’s hope so.

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James Worssam

james@greatoceanroadrealestate.com.au

0418 585 815

 

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