Episode Details
Back to EpisodesI AM WARNING THE PRIME MINISTER! Don’t touch negative gearing
Published 1 year, 10 months ago
Description
Real Estate Market Wrap.
Let's have a look at the facts:
- There are 8.5 million properties in Australia are investment properties, housing around one-third of the population
- Nearly 50% own just one property
- The profile of a typical investor is someone earning less than $100K a year; it’s the school teachers, firemen, plumbers, nurses
- If the Government mucks around with negative gearing, those 8.5 million investment properties will be affected.
- We’ve got to look at Underquoting Laws. Ironically, it's the fair agents that quote the right figures that aren't getting buyers coming to the property. And agents who underquote get 8-10 people to an OFI and end up getting the property sold.
- We have an oversupply of listings across Australia and it’s the killer to capital growth.
My Clearance Rate: 12/16 Properties SOLD