Yesterday’s ABS employment figures suggested an easing of jobs however, it’s indicative of what generally happens in Dec / Jan. All things considered, national jobs growth has consistently been solid for some time now.
Positive employment trends, historically low interest rates, readily available credit, the highest rates of population growth in the developed world, a low AUD$, and a further 84 years of the Asian Century to unfold… These are rock solid fundamentals creating healthy demand for the essential commodity known as shelter.
These factors are of greater significance to property markets in the medium term than tax policies such as #NegativeGearing.
I’m so confident of this that I’m about to add another property to my own portfolio in an (anonymous) interstate location which I’ve spent the last week in.
Kindest Regards,
Simon Pressley
Propertyology
