Flood Property Group

Now this is good news for First Home Buyers on a Sunday ..

Dutton promises tax-deductible mortgages for first home buyers First home buyers who buy newly built homes will be able to deduct their interest payments for five years.

Federal elections have little effect on Australia's property market, despite common perceptions, according to new research. Analysis of data from the past seven federal elections by Domain shows neither major political party holds a significant advantage in boosting property market growth.

 

Liberal terms saw slightly better house price growth at 3.1 per cent compared to Labor's 2.9 per cent, while Labor governments oversaw stronger unit price growth at 4.5 per cent versus 1.4 per cent under Liberal leadership.

 

Domain's Chief of Research and Economics, Dr Nicola Powell, said the property market is influenced by factors beyond politics. "The property market is shaped by forces beyond politics," Dr Powell said. "While elections can affect policy and sentiment, the reality is far more complex than our long-held beliefs suggest."

 

The research did reveal some surprising insights about auction performance on election days.

Despite sellers typically avoiding scheduling auctions on election days, with numbers dropping by 50 per cent, those that do proceed achieve higher clearance rates than auctions held on surrounding weekends.

Auctions held on election days recorded an average clearance rate of 60.4 per cent, outperforming those held the Saturday before (59.5 per cent) and after (59.8 per cent) election day.
This suggests election day might be an opportunity for sellers rather than a disadvantage.

Domain's data indicates that property transactions remain historically stable during election periods, challenging the common perception that elections cause buyers to pause their property purchases.

This suggests short-term electoral events don't significantly disrupt buying behaviour. However, prolonged political uncertainty can have an impact on the property market over time.

Domain's modelling shows that even a one-point increase in political uncertainty can result in a decline of 8.08 property sales, with extended periods of uncertainty potentially leading to thousands of lost transactions.

First home buyer activity showed some minor differences between different government terms.

This year is definitely heating up 💯 with inflation stable the RBA are getting ready to drop interest rates finally 👏

So that's great news for home owners and investors! We can hopefully get back to being able to get you to service on loans more easily and help you build your property portfolio for your retirement 😀

If you want to have a consultation to see where you are at now and generate a plan so you are ready to hit the button when the time comes .... well you know what to do 😀

'scoming

Reports confirming again what we already know - prices in Brisbane and Adelaide to hit 1 mill 🔥

And to clarify this isn't just anywhere- its certain locations so if you want guidance around selecting the right property to gain these results .. get in touch !