'Mum and dad' investors are being encouraged by financial planners and lenders to consider commercial, industrial and retail properties, says Malcolm Gunning, president of the REIA and principal of Gunning Real Estate.
Keeping your records up to date will ensure you pay accurate capital gains tax, and reduce the likelihood of receiving a hefty tax bill at a later date.
While our survey has found that the majority of people aren’t deterred from purchasing property by the election, a lot of people are and have decided to wait it out.
If there is a change of Government, it is possible investors will become virtually non-existent until a clear policy framework and timeline for changes to negative gearing and capital gains tax is confirmed.