Labor's Housing Bill Rejected, Consumer Spending at an All Time Low, Interest Rates Set to Drop
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 Published On Sep 25, 2024

Season 2 - Episode 13

In this episode we break down Anthony Albanese's controversial housing bill, dissecting the shared equity scheme designed to help first-time buyers and the political clash it ignited between the Coalition and the Greens. We'll unpack why the Greens' demands on negative gearing and capital gains tax changes are seen as impractical and explore the limited impact of this bill on property prices due to stringent eligibility criteria. Compare this with the existing home guarantee scheme, and you'll see why concerns about skyrocketing property prices might be overstated.

Additionally, we navigate through the shifting sands of consumer spending from April 2021 to July 2024, focusing on the drastic decline in discretionary spending and the economic pressures driving these changes. Discover the hidden impact of rising taxes on alcohol and tobacco, pushing consumers towards illegal alternatives.

Finally, we turn our attention to the real estate market in New South Wales, spotlighting Catherine Field and Austral as key investment opportunities with promising rental yields and future capital growth.

Interested to learn more? Join our FB community ‘Home Loan University’ where you can ask any home loan questions and get access to the latest property market trends, insights and expert tips:   / 575999569987533  

You can also call us at 1300 796 937 or book a FREE consultation to find out more: https://itssimple.com.au/book-consult...

It's Simple Finance is a team of mortgage brokers in Australia tearing through the red tape and uncertainty around lending to make accessing finance the way it should be – simple. Visit our website at https://itssimple.com.au/

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