Powered by momentummedia
nestegg logo
Powered by momentummedia
nestegg logo
nestegg logo

Invest

Trustees cautioned on property market prices

By Staff Reporter · May 13 2014
Reading:
egg
egg
egg

Invest

Trustees cautioned on property market prices

By Staff Reporter
May 13 2014
Reading:
egg
egg
egg

Trustees cautioned on property market prices

author image
By Staff Reporter · May 13 2014
Reading:
egg
egg
egg

With the year-long boom in residential real estate effectively over, SMSF property investors shouldn’t expect all future property purchases to increase in value, according to Propell National Valuers.

 

Propell National Valuers, national research manager and economist, Linda Phillips said the residential market is showing signs typical of an “end of an innings”.

“What it means is if an SMSF is going to buy into this market, [trustees] can’t just assume you can buy anything and it will go up in value,” she told SMSF Adviser.

“The market faces headwinds in the form of the traditionally slower winter months, the painful federal government Budget and rising unemployment”, she added.

Advertisement
Advertisement

With looming release of the Budget, Ms Phillips said she does not believe there will being any changes to rules concerning SMSF property investors.

“We did flag that they might remove negative gearing and [the government] did consider it, but it is too hard,” she said.

“However they might look at tightening the rules around negative gearing,” she added.

Trustees cautioned on property market prices
default
nestegg logo

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates
Rate the article

Join the nestegg community

We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians

Your email address will be shared with nestegg and subject to our Privacy Policy

Why we’ll keep delivering for our communities in the face of COVID-19

alex

As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of Nest Egg.

Read more

From the web

Recommended by Spike Native Network

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.