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After an initial period of extreme uncertainty, the rhetoric around the Australian property market appears to have shifted into a new phase in response to the ongoing coronavirus pandemic.

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On this episode of The nestegg Podcast, host Grace Ormsby is joined by the founder and CEO of Upside Realty, Adam Rigby, to delve into how COVID-19 has been affecting different demographics within the property sector, including renters, landlords, investors and retirees.

Adam touches on the pros and cons of potentially removing stamp duty, his predictions for marketplace trends over the coming months, and the importance of picking quality over timing when considering an investment.

Thanks Adam, for sharing your insights with the nestegg podcast team!

You can keep up to date with what Upside Realty are up to HERE

Have an investment story to share? Get in touch at [email protected] and you might get featured on the next episode.

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Morrison v Shorten: The big-ticket policies for investors

By Cameron Micallef · May 17 2019

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Morrison v Shorten: The big-ticket policies for investors

By Cameron Micallef
May 17 2019

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Morrison v Shorten: The big-ticket policies for investors

By Cameron Micallef · May 17 2019

Reading:

The polling booths are almost open, and the roadmaps of both major parties are clear. Here are the headline policies impacting investors for this 2019 federal election.

Liberal’s plans

The incumbents will look to grow the economy through the creation of 1.25 million jobs over the next five years, including 250,000 new jobs for young Australians.

They plan on delivering the largest personal income tax in a decade, with-single income families earning up to $126,000 being $1,080 dollars better off.

The Coalition plans to lower business tax and improve access to finance to try and grow small and medium businesses. They have cut the rate of tax to 27.5 per cent for small and medium businesses before moving the rate down to 25 per cent for 2021-22.

Mr Morrison’s government will invest $100 billion into new infrastructure programs to connect domestic and global markets.

They are also looking to support the agriculture sector with $6.3 billion in drought relief.

Labor’s plans

Two terms that have dominated this election cycle are “negative gearing” and “franking credits,” with the Labor Party planning major changes to reform both tax structures.

Labor plans to reform the franking credits regime, which has been a source of confusion and contention among investors.

Essentially, for investors with shares in an Australian company, the proposal will revoke the right to a tax refund for investors who have not paid that tax.

Currently, under a scheme introduced by former prime minister John Howard, investors receive a refund on taxes paid, even if they have not paid it themselves.

You can read more about this here.

The Shorten government also plans to change negative gearing so that it is only accessible on new builds after 1 January 2020. If a property is negatively geared, investors can offset their property investment’s losses against their taxable income. Further, the Labor Party will halve the capital gains tax discount after the same date. It’s important to note that these two policies apply to all investments, not just property.

Labor is planning to raise wages by reintroducing penalty rates for 700,000 workers and increasing the minimum wage. Further, the party plans to guarantee casual workers have access to part-time or full-time contracts after a set period.

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About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.