Labor wins, 5% deposits to be introduced

Australian Property Podcast

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6d ago 45:29

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In this Australian Property Podcast episode, your hosts Pete Wargent from Allen Wargent Property Buyers and Chris Bates from Alcove mortgage specialists discuss the major property news stories of the week.

Topics covered today:

1 – Election win and likely policy and tax reforms

2 – AMP introduces 10-year interest-only mortgages, big news

3 – Property listings fall across the board in April

1 – Election night – huge win for ALP

-What does this mean for the economy?

-Cost of living relief and HECS debt relief

-Super above $3m tax reforms, including taxing unrealised gains

-Housing – 5% deposits and 100,000 homes for FHBs from Jan 2026

-Big Australia – population, infrastructure, spending, housing build

-Certainty and continuity – for at least the next 3 years, maybe more

-Greens have little or no influence now

2 – AMP introduces 10-year IO loans

-Kudos to Chris who predicted this recently

-New loan product from AMP, 10-year IO loans from around 6.29%

-Didn’t Westpac have something similar previously? Nou sure it’s unique?

-What is being offered?

-Who is it useful for? Flexibility for investors

-Doesn’t increase borrowing capacity because loan is assessed over 20 years

-Europe has 40-year IO loans, so in that sense it’s hardly unique

3 – Listings fall across the board

-3 weekends were disrupted in April due to public holidays and the election

-Listings -7% in Sydney and Canberra

-Fell in all 8 capital cities

-Still higher year-on-year in Perth, maybe a sign of a market nearing its peak

-More certainty to sell now the election is done?

-Asking prices rose +0.7% in April driven by a large gain in Sydney, and also Darwin

Resources for this episode

Rask Resources

Pete's Buyers Agency: https://www.allenwargent.com.au

Alcove mortgage broking: https://www.raskmedia.com.au/services/mortgage-broking

Amy Lunardi Buyers Agency (Melbourne) https://www.amylunardi.com.au

All services: https://bit.ly/R-services

Financial Planning: https://bit.ly/R-plan

Invest with us: https://bit.ly/R-invest

Access Show Notes: https://bit.ly/R-notes

Ask a question: https://bit.ly/R-quest

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