In Australia we currently find ourselves in the midst of the largest and most comprehensive set of government stimulus measures to help along what is the best single investment in the world – Australian property. This can be said not as an opinion piece but a fact. We have never seen stimulus like we have now and it’s sitting and waiting for all of us to take up. Grants on offer include – The Home Builder grant, First Home Buyer Grants at various levels, reduced to no stamp duty payable and a 5% deposit scheme just to name a few. In the commercial market we also see banks and lenders that have slashed rates following the RBA’s interest rate setting and guidance. A home loan of 1.9% or thereabouts is not out of the ordinary. As a reality check in the 1980’s interest rates were circling 18% and there was not a cent offered in grants to help anyone to enter into or keep investing in property. These times as we speak are quite unbelievable and destined never to be repeated again.
Once in a lifetime scenarios whatever they may be don’t last and waiting for the next one to arrive can be frivolous at best. Like everything that is great, after the fact we will all look back and say ‘remember how much was on offer to us back then, how much government support there was and how much free money was sitting waiting to be taken up’. If we look back having taken the opportunity and all that is on offer it will be a great memory to tell the kids. But, if we look back and think ‘why did I let that chance go’ it will be an empty feeling and a stressful memory not to be told.
Free money is free money. Opportunity like this, generational opportunity never sits and waits forever. What a chance we all have to take up everything on offer, buy for the first time or invest further, with loads of help, all funneling into the world’s greatest single investment strategy that is Australian Property.
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