Potential changes to negative gearing, increased stamp duty for foreign investors and even Britain leaving the European Union are all tipped to have flow on affects for the Australian property market.
But will property be the winner and loser in it all?
“There is going to be a number of positives for Australian property specifically,’’
“The first one is that we know that for international property investors and especially in the commercial arena they have a positive view about London for some time and while you have that upheaval and lack of surety in the UK market they are going to look for other opportunities.
“Any investor will look for longer term or medium to longer term stability and I don’t see how London is going to provide that to investors.
“Markets like Canada and Australia, and for Australia specifically your Sydneys and your Melbournes people are probably going to get a closer look.’’
More from the original Gold Coast Bulletin article here.