LJ Hooker Home Loans is pleased to introduce our report on the 2017/18 Federal Budget. Our report looks at the key measures and any potential effects for property markets.
There are many small changes contained in the 207/18 budget that will affect property markets around the country. Assistance for first home buyers to save, additional incentives for retirees to downsize and a much welcomed focus on clearing blockages in the delivery of new and affordable stock are all very positive measures.
The first federal Budget delivered since the July 2016 election has seen the government attempt to help first home buyers save for a deposit, incentivise downsizers to move and address the much needed under investment in affordable housing. While no single item contained in this year’s budget is expected to have a major impact on property markets, the combination of several smaller demand and supply side measures should help increase housing stock and moderate affordability pressures.