Wow! What a couple of weeks we have had… first there was Brexit, then the RBA’s recent decision to leave interest rates on hold. And even, for a while there, Australia’s future was up in arms with the Government undecided. But, thankfully that is all in the past.

 This week property experts around the country rejoiced as it was announced that the Liberal Party had won the 2016 Australian election. Now, any uncertainty surrounding the property industry is now behind us, as we look forward to bigger and better times ahead.

 Let us help to paint the picture by what we mean exactly when we say better times ahead… and how each of these latest events is likely to have a hand in paving a stronger economy for Australia.

 Liberal Party

Welcome back stability. When news broke that the Liberal Party had officially been sworn in, it was a massive day for property investors, actually a big day for the nation in general. This news signified the beginning of a new era for Australia. With Labor now officially out of the limelight, so too are the policies and everything they had built their campaign around. For the real estate community in particular this spells the end to any talk of changes to Negative Gearing and Capital Gains Tax - now meaning investors can move forward with great confidence.

 Low rates

Just three days after the federal election failed to deliver a decisive result, the Reserve Bank’s decided to keep interest rates at a record low 1.75%. According to industry experts the economy can expect more good news over the coming months, with two further cuts predicted; one later this year and another again in March.

 REA Group Chief EconomistNerida Conisbee says the RBA decision was widely expected, but there may be another cut to come.

“A rate reduction is possible next month, however that will depend on the June quarter inflation figures,” she says.

 Brexit

Britain’s recent decision has created a lot of uncertainty in the European Union, and in Britain. On the upside, it now means Australia looks even more attractive in comparison to Europe and thus opens the potential for an entire new breed of international property investors. In addition, share market volatility is likely too, therefore we may see a flight to property because of this as people moving their investment strategy from stocks to bricks and mortar. Both big ticks for Australia’s property investment market.

 So in summary…

 As we welcome the Liberal Party back into power, we also welcome a new era of stability for our nation. Furthermore, with Europe and Britain showing increased uncertainty in recent times, it is great to know that here in Australia the future looks vastly different.

 Proving (once again) that our safe and secure economic landscape is just what the doctor ordered for investors here in Australia, and even around the globe.

 In fact, Australian investors can be proud to call Australia home as they put the past in the past and push forward with confidence to plan their next big move in the property world. To help you pave the way for a strong investment future, contact the team at HSBP on 0419 782 133.