An important point if you are selling an investment property. The gain is taxed in the year the contract was signed, not on settlement. It can make a big different.
I attended a very interesting seminar organised by GPS Wealth http://www.gpswealth.com.au this week.Economist, Emmanuel Calligeris gave a his outlook for the Australian Economy. The key points were:
- The Australian Economy to grow at 2%, (OK but not great)
- The next interest rate move by the Reserve Bank is likely to be down.
- House prices are likely to remain about were they are now.
Hope this is of use.