Here’s what the Coalition win could mean for your wallet

Here’s what the Coalition win could mean for your wallet 20 May 2019 Matthew Hughes Article by Michael Yardney | Source: Michael Yardney’s propertyupdate.com.au May 19, 2019 The results are in and to the surprise of many, Scott Morrison has led the Coalition to win this year’s Federal election. And this means our housing markets are likely to pick up by the end of the year. Treasurer Josh Frydenberg will now be able to deliver on the budget that he released last month, so I’ll summarise the various promises the Coalition made and how these could impact you financially: But first let’s look at… How the Coalition Government could affect our property markets The stability of government and the fact that there are no changes to negative gearing or Capital Gains Tax will encourage investors. The market hates uncertainty, and the Coalition win should return confidence to our property markets which could well turn around by the end of the year. The timing of the bottom of this downturn will however depend upon the banks loosening lending restrictions and the timing of any interest rate cuts – the first of which seems likely next month and deliver a boost to our languishing markets. Sure w

Article by Michael Yardney | Source: Michael Yardney’s propertyupdate.com.au May 19, 2019   The results… Read Article

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