The '23 Budget & What it Means

21 May

So YES the 2023 Federal Budget was handed down last week. As always, this can play quite a role in shaping the future of financial markets, the property sector direction and tax reform.

This years federal budget amid a national rental affordability crisis, focussed on fast recovering national popluation growth, rental shortage in supply, the barrier to entry for 1st home buyers and single parents plus had a few key areas of noteworthy interest, namely:

Rental affordability and supply support
Build to rent schemes and initiatives
Home buying incentives further expanded to support 50,000 people annually
Stamp duty reform put on the back burner and left as is for now

So what does all this mean.? Well catch the full summary article by Eleanor Creagh (Senior Economist) by CLICKING HERE or simply HIT the IMAGE below..

For those landlords looking to build on their portfolio and take advantage of stronger rental returns and yields not seen for decades, this could be the perfect window of opportunity to jump back into the market as close to the bottom of this cycle as possible. So if our list of Landlords 1st suitable properties is of interest to you, reach out to the friendly team at C+M Residential to see how we can help you..

Have a magical Sunday and appreciate ALL THOSE who appreciate you..

This Week C+M Also COVERS:

The '23 Federal Budget..
C+M Market Activity & Clearance Rates..
Get your INSTANT Property Price Online.?
Your Suburbs SOLD Results..
Quote of the Week..

C+M Market Activity Past 7 DAYS..

The week's PRE-MARKET and YET to be Photographed homes:

46 Harold St, Glenroy: Large Family Home, Coming Soon..
2A Bass St, Pascoe Vale: In The Zone & Separate Title, Off Market..
2/28 Kennedy St, Glenroy: Close to Everything, Off Market..

The week's NEWEST home to market at C+M Residential:

4/53 Warwick Rd, Pascoe Vale: Single Level Villa Unit: $465k - $495k
11/15-17 Nerissa Gr, Oak Park: Location, Location, Location: $545k - $595k
2/20 South St, Hadfield: Well Looked After Townhome: $600k - $650k

The week's local SOLD results at C+M Residential:

35 Evell St, Glenroy: SOLD @ Auction: $850,000
1/20 Quick St, Pascoe Vale: SOLD @ Auction: Contact Agent
7/656 Pascoe Vale Rd, Oak Park: SOLD @ Private Sale: $512,500
2/46 Hubert Ave, Glenroy: SOLD @ Private Sale: $648,000

Get Your INSTANT Property Price.?

Like to know your INSTANT Property Price estimate online. Request yours now by simply CLICKING the IMAGE below or this LINK HERE.

*If you would prefer to BOOK in a more accurate Property Price Check in person with one of our team, you can request this as well.

Auction STATS:
20th May '23

*preliminary results based on Sundays data from realestate.com.au

  
    STATISTIC
    DATE
    No. or %    
  

    Results Available
    This Week
    648
  

    SOLD @ Auction
    This Week
    306
  

    SOLD Prior
    This Week
    143
  

    Clearance Rate
    This Week
    70%
  

    SOLD after Auction
    This Week
    2
  

    Withdrawn
    This Week
    63
  

    Total Scheduled
    This Week
    898
  

    PASSED IN
    This Week
    134
  