Red Alert: Property In Turmoil As Government Seeks To Support And Crush At The Same Time!

Australian Property appears to be at a significant turning point, with the realisation that prices can go down, as well as up now becoming a reality. So today we examine some of the latest market dynamics in the light of the upcoming budget on Tuesday, where Treasurer Jim Chalmers said Tuesday’s budget would have a major focus on building homes, and Clare O’Neil flagged further announcements in coming days, saying it would be fundamentally a housing budget, as well as the latest from the auctions where clearance rates have crashed, and data on listings. The Interest rate rises and possible changes to property taxes in Tuesday’s federal budget have spooked home buyers, resulting in the second-lowest weekend auction clearance rate this year. We will likely see more intervention in the markets by state and federal governments, with tax payer funds splashed around in an attempt to show they care, but if they did, then migration would be the key issue to address, as high migration stokes demand (and stamp duty etc). But this still remains largely a set of announcables, at a time when property prices are on the turn. Sensitive to suggestions it was a cash grab, Mr Chalmers said the tax overhaul was about "reform not revenue", playing down the amount of money the changes are expected to raise. But in truth, he needs massive further tax receipts to fund the big and potentially growing deficit. Spin Jim was at it again! If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you. Buying property, is both challenging and adversarial. The vendor has a professional on their side. Emotions run high - price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make. Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest. Shoot Ribbon an email on [email protected] & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER. Find more at https://digitalfinanceanalytics.com/blog/ where you can subscribe to our research alerts Please consider supporting our work via Patreon: https://www.patreon.com/DigitalFinanceAnalytics Or make a one-off contribution to help cover our costs via PayPal at: https://www.paypal.me/MartinDFA We also can receive bitcoins at: 13zBL1oRib9VJu8Uc9zUGNhxKDBBgUpDN1 Please share this post to help to spread the word about the state of things.... Caveat Emptor! Note: this is NOT financial or property advice!! 🚨BEWARE OF SCAMMERS🚨 As there are accounts impersonating Walk The World in the comments on YouTube, note that our comments will have a distinguishable verified symbol. And remember that we will never message you asking you to give us money or talk to us on other platforms such as WhatsApp or Telegram