A Dickens of a property market
By Graeme Salt “It was the best of times, it was the worst of times” Charles Dickens A Tale of Two Cities The budget is already having a huge impact on the property market, with investors now focussing on new-builds thus giving owner occupiers less competition. This week, many of my clients have shown the […]
Are you a winner in this budget?
By Graeme Salt This budget really created winners and loser. It is a first step in tilting the balance in favour of younger, working Australians trying to buy their first home. For decades, the housing market has been geared in favour of older investors such as me. The budget will sweep away many of the […]
Is now a good time to buy?
By Graeme Salt This week I spoke to a client whose borrowing capacity has been reduced from $480k to $300k. Granted this client was looking to buy an investment property (and had been relying on negative gearing). But her experience is relevant to us all. The property market has been primed for a reset for […]
$250,000 less – that could be this budget’s impact on your borrowing capacity.
By Graeme Salt This week’s budget made a number of key announcements, one of which was to remove negative gearing benefits for newly purchased properties except for brand new properties. This difference between old and new will have a huge impact on your borrowing capacity due to the different way banks assess the impact of […]