Perth Property Buyers

New Zealand’s migration policy tightening from 2024, enforced stricter work visa rules, higher skill & wage thresholds and tighter student visa scrutiny.

This coupled with an increased outflow of Kiwis migrating to the likes of Australia, slowed the over all Net migration numbers substantially.

In turn, rental growth stagnated to almost zero. Property prices also stagnated & dropped.

Yet here we are in Australia, forecasted to grow another 1.4 million over the next 4 years.

Further to this, have a look at the rent growth for the period they removed negative gearing between 2021 and 2024 📈

With the removal of negative gearing benefits for investors, the Australian government have “modeled” the new changes, with rents only forecast to rise $2 per week apparently.

Let’s see how accurate they are

That’s the play Albo recuns.

Infill suburbs, subdividable property, retaining the existing and building a new dwelling on the land.

Keep some gearing benefits & depreciation coming through without building out in woop woop. (Couldn’t believe he used the term woop woop, but anyway)

He gave us the nod, at our Thornlie site - a nice 1000m2 corner block, retaining the exisiting dwelling, giving it a reno and building 2 new 4x2 homes either side.

We will then likely sell the existing dwelling, nice and cheap, for a first home buyer and keep the new builds.

This property was bought before the budget, so will retain all of the original tax benefits, however, post budget, depending on the buyers structuring and goals, a strategy to consider if they have the capacity.

We will do our best to fix the housing supply Albo, you just keep those $250 tax concessions coming, cobba.