Latest NewsHousing Prices Set to SoarSunday, 18 September 2016

According to the Sunday Telegraph 6 Sep, Australia could be heading for a rampant house-price boom! The article says this will be fuelled by superannuation fund investors exploiting generous goverment concessions.

The Treasury is trying to dampen demand by winding back the First Home Owner Grant at the end of this month. But meanwhile thousands of super savers are using super funds as a deposit on an investment property.

Finance firms say the amount of super savings used for property investment rose by 25% in 2008 to a record high of $44 billion!

The other reason for optimism is that the super funds are flush with money and if just $5 billion of new money entering the funds each month was invested in propeties, this would easily pick up the slack from withdrawal of the First Home Owner Grant.

"The capacity for the super industry to boost house property prices is enormous."

Previous Next

Share This Article




Previous Articles