What the 2021 Federal Budget announcement means for property

With a lot of Federal Budget announcements hitting the headlines this week, we thought it would be helpful to provide a simple recap to help you understand what it means for property.

We believe the budget is an appropriate response to the intellectual and sophisticated economical response of the government in relation to COVID-19 over the last year. Since COVID made its way into everyone’s lives and wreaked havoc across the globe both from a health and economic perspective, Australia has been able to maintain a strong underpinning with strategic economic recovery. The latest budget is the next phase of our strategic steps forward.

The 2021-22 Federal Budget is the Australian Government’s fiscal response to current circumstances our country faces. Generally the budget dictates federal spending, taxing or tightening of requirements.

As a whole, not too much has changed with relation to real estate, property purchases and investments. In short, it’s a good thing.

This budget is predominantly focused on infrastructure investment as a way to simulate the economy through construction and activity while creating long-term job opportunities. This is a reasonable and expected response to keep our country moving forward. While there isn’t too much that’s new for property, we also note that not much has been removed from this space either, which is a positive for property investors. More jobs and infrastructure positively impacts the property market, particularly on the Sunshine Coast by adding to the lifestyle, the economy and the future opportunity, all which lead to increased populations and a need for more housing.

The Sunshine Coast continues to present the perfect conditions for investments as we find ourselves at the beginning of a protracted property upswing. We are not in a boom, and therefore see no signs of a bust, this region is in growth phase and there is opportunity for many to succeed in this space with the right advice.

Talk to us today to get data-backed insights from the people the media seek out to explain market conditions and opportunities. We’ve been accurate in our predictions for over 10 years and would love to help you prosper from what we see coming over the next 10.