What will the outcome of the upcoming election mean for you and your investment property opportunities?
There has been a lot of speculation and concern about what changes to property policy will mean for home buyers and investors. Whilst no one can predict the outcome 100% there are a few things that you need to know about changes that could impact your investment journey.
If Labor is elected their plans to remove negative gearing may affect property investment. Although negative gearing will remain for newly built homes, as well as investors who owned their properties before January 2020. This is great incentive for you to build rather than buy a new investment property as you will still be able to enjoy the tax benefits that negative gearing provides!
Many people are still confused as to what negative gearing really is; simply put negative gearing is a favourable tax offset that assists the owner by removing the space between what property costs and how much money you can generate from it.
Talk to us today to get your investment property journey started (it is easier than you think) and to take advantage of the benefits negative gearing will provide you.
Additional reading: https://propertyupdate.com.au/what-the-election-outcome-could-mean-for-our-housing-markets/
