How the 2023 Budget Affects Property Investors

The 2023 Budget measures promise to: • Raise Commonwealth Rental Assistance by 15 per cent at a cost of $2.7 billion over five years. • Build one million, well-located homes from 2024 through the National Housing Accord • Reduce from 30 to 15 per cent the withholding tax rate for eligible fund payments from managed investment trusts attributed to newly constructed, conditional build to rent developments • Increase the capital works tax deduction (depreciation) rate from 2.5 per cent to 4 per cent per year and increasing the after-tax returns for newly constructed build to rent developments. • Increase the National Housing Finance and Investment Corporation's liability cap by $2 billion to a total of $7.5 billion, supporting more lending to community housing providers for social and affordable housing projects. • Expand eligibility for the First Home Guarantee and Regional First Home Guarantee to any two borrowers beyond married and de facto couples, and non first home buyers who have not owned a property in Australia in the preceding 10 years and will include the currently 3 million migrants holding Australian Permanent Residency (ABS, August 2021). • Transform cities and suburbs through the $159.7 million urban Precincts and Partnerships Program. • Invest in community and economic infrastructure that enhances liveability and prosperity in suburban communities through the $211.7 million Thriving Suburbs Program. • Increase the guaranteed liabilities of the National Housing Finance and Investment Corporation (NHFIC) by $2 billion, to support more financing through the Australian Housing Bond Aggregator to support more social and affordable housing. It's important to stay up to date with what's actually going on out there in the property markets and listen to the people at the coal face of property. We are at the forefront of the action every single day. SOME OF OUR OTHER VIDEOS: How to Buy Property in a Hot Market https://youtu.be/sHM3G5NrjZg 3 Property Investor Mistakes Everyone Loves to Make https://youtu.be/io95z8z-Vzg What Should I Buy First - My Own Home or an Investment Property ? https://youtu.be/mXaEA8MkYjY Property Investing - How Regional Is Too Regional ? https://youtu.be/Y08v7irQyJQ Rental Guarantees - are they worth it ? https://youtu.be/gu2rhMktzFw Adviseable are the Buyers Agency and experienced Qualified Property Investment Advisers with the personal touch. Licensed in multiple states Adviseable's approach is to stand for their client first, area second and property third. 100% independent while helping clients build wealth and secure their financial future. For more information visit www.adviseable.com.au | Call 1300 077 766 | info@adviseable.com.au DISCLAIMER No Legal, Financial & Taxation Advice The Listener acknowledges and agrees that: • Any information provided by us is provided as general information and for general information purposes only; • We have not taken the Listeners’ personal and financial circumstances into account when providing information; • We must not and have not provided legal, financial or taxation advice to the Listener; • The information provided must be verified by the Listener prior to the Listener acting or relying on the information by an independent professional advisor including a legal, financial, taxation advisor and the Listener’s accountant; • The information may not be suitable or applicable to the Listener’s individual circumstances; • We do not hold an Australian Financial Services Licence as defined by section 9 of the Corporations Act 2001 (Cth) and we are not authorised to provide financial services to the Listener, and we have not provided financial services to the Listener. is australian property market going to crash is australian property overvalued what is the australian property market doing how real estate investing works will real estate prices drop in 2022 passive income personal finance