$462.2 Billion Industry Means Everyone Wins
What is Australia’s most lucrative industry sector? Right now, it’s all about property. The markets are alive with activity and growth is at an unprecedented level. It’s an incredibly exciting time to be in property and all signs point to the markets continuing to deliver consistently high yield returns to investors.
There have been rumblings in the media lately that the Government might be looking at changes to one of the most attractive aspects of property investing – negative gearing. Take a listen for more on this topic:
This rhetoric is completely baseless…what Government would possibly tinker with an industry directly contributing $182.5 billion to the economy’s Gross Domestic Product (GDP)? Plus another $279.7 billion contributed through flow on goods and services, bringing it to an eye-watering total of $462.2 billion. Would that not be completely insane? Of course it would and it’s simply not going to happen.
Property has doubled in its contribution to the GDP in the last decade and is the cash cow the Government is looking towards to recover from the decline in the mining sector. The Government is absolutely addicted to property…it’s giving them billions in tax revenues through stamp duty, rates and other associated fees and charges and of course they have don’t want to give it up. It’s a no brainer that this industry is imperative to the ongoing financial prosperity of the entire country.
If you’re already well underway in building your property portfolio…this is great news. You’re well entrenched in one of the most crucial industry sectors that is not only your own pathway to personal wealth, but pumping vital dollars into the Australian economy.
If you’re keen to get your property portfolio started, my best advice is not to leave it another day longer…there has never been a better time to invest. Fill in a Financial Health Check and return it to Simon, our expert Investment Representative at [email protected] today.
Be a part of something huge…secure your financial future and be proud of the contribution you’re making.
Yours in success