Lol, from the AFR, comes Richard Wakelin on those mulling a wait to buy property:
That would be an error.
…Although there may be a temporary boost to the new property sector (after the narrowing of negative gearing relief), I can guarantee that the property development industry will blow its good luck by delivering too much supply.
But ultimately, the vast majority of the investing community will see that high-quality, established property will still be an important part of any investment portfolio. By the way, if Labor is elected in a few months, established property will probably see a surge in activity in advance of the new regime coming into play.
Richard Wakelin is a director of Wakelin Property Advisory, an independent firm specialising in acquiring residential property for investors.
In short, whatever you, or the government does, or the supply balance does, or the cosmos does to destroy the earth, buy property now!
Things must be slow at Wakelin!
