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NSW and Sydney property industry boosted by Morrison re-election

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24.05.2019

Within days of the Morrison government’s re-election, a new mood of confidence has swept into the development industry.

The threat of changes to negative gearing and the related changes to capital gains tax deductions that many saw as destabilising the market is now off the agenda with Labor losing the election.

On top of this, the Reserve Bank of Australia has been making stronger signals about a rate cut and the Australian Prudential Regulation Authority (APRA) has loosened the strict controls on how banks assessed lending risks for household mortgages.

Urban Taskforce CEO Chris JohnsonCredit:David Quick

The tightening on credit to potential buyers of new........

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