Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter

Trustees cautioned on property market prices

Elyse Perrau
13 May 2014 — 1 minute read

With the year-long boom in residential real estate effectively over, SMSF property investors shouldn’t expect all future property purchases to increase in value, according to Propell National Valuers.

Propell National Valuers, national research manager and economist, Linda Phillips said the residential market is showing signs typical of an “end of an innings”.

“What it means is if an SMSF is going to buy into this market, [trustees] can’t just assume you can buy anything and it will go up in value,” she told SMSF Adviser.

Advertisement
Advertisement

“The market faces headwinds in the form of the traditionally slower winter months, the painful federal government Budget and rising unemployment”, she added.

With looming release of the Budget, Ms Phillips said she does not believe there will being any changes to rules concerning SMSF property investors.

“We did flag that they might remove negative gearing and [the government] did consider it, but it is too hard,” she said.

“However they might look at tightening the rules around negative gearing,” she added.

Trustees cautioned on property market prices
smsf logo
smsfadviser logo
join the discussion

Latest poll

What is the best solution to improve access to SMSF advice?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.