/Omar Moujalli

About Omar Moujalli

This author has not yet filled in any details.
So far Omar Moujalli has created 2 blog entries.

Budget 2018 – Impact on the Property Market

Waking this morning to the news of the budget gave me a laugh. I opened an email from The Real Estate Institute of Australia with a link to their press release titled “Budget benign for housing: REIA”. You can read it for yourself here: Media Release but the first line says it all “The 2018 Budget had no measures that specifically address housing supply and affordability, according to the Real Estate Institute of Australia (REIA)”. However, as students of The 18 Year Real Estate and Economic Cycle we see this budget differently. A whopping $75 Billion! YES, you heard it correctly, $75 Billion of transport infrastructure. This will drive economic activity and will be captured in the one place – land values. It will create jobs to build the infrastructure and will expedite the movement of people, goods and enhance the provision […] 150
By | 2018-05-09T15:41:44+00:00 May 9th, 2018|Property, Property Club|0 Comments

$20,000 Bonus to live in the country

Did you see the Victorian government increased its first homeowners grant to $20K for regional buyers? Interesting! They also released over the weekend a waving of stamp duty for first home owners for properties under $600K which fazes out between $600-$750K. However as in the past, developers will just lift prices due to the extra demand. With the government telegraphing the changes, its very likely you will see developers lift the prices straight away for new properties. As always the price rises will be greater than the value of the grants, this always happens. This is simply because buyers now have an extra $20k which the banks will allow them to leverage against – that is if a 20% deposit is required, first home buyers can borrow another $80k + $20k, their new deposit, giving them in simple terms another $100,000 to spend. And this fat allows the developer to 150
By | 2017-03-08T15:31:16+00:00 March 7th, 2017|Cycles, Property, Wealth|0 Comments