What does the looming federal election in May 2019 mean to property investors? Absolutely Nothing!
We have seen over the last 40 years the government change between Coalition and Labor 5 times. In those same 40 years, property has still doubled in value every 10 years on average.
Let’s look at some simple figures.
It is estimated that there are 25 million people living in Australia in 2019 with an average population growth of 1.5% per year – that is 375,000 people each year!
Information from the 2016 Australian Census tells us that 30.9 per cent of the population are living in rented dwellings. That would be about 7.7 million people and an additional 115,875 each year needing new rental places to live.
The government simply cannot create this many new dwellings and therefore rely on investors to create the properties needed by renters.
Let’s face it, it doesn’t matter which government wins this election because neither party will stop the population growth in Australia. It will never stop the demand for rental properties. Getting an investment property is the lowest risk a would-be millionaire can do. Don’t wait for the election results – get with a property expert today and find out what you can do.