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ARTICLE · 07 JULY 2014

How does the June 2014 NSW budget affect the property industry?

Colin Biggers & Paisley
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Apart from residential development, there are really no spectacular gains to provide impetus to growth of the industry.

AustraliaReal Estate and Construction
Chris Rumore
Chris Rumore

In brief - No spectacular gains for property industry

Whilst there is something in the June 2014 NSW budget of immediate benefit to the property industry, particularly the residential development industry, there are really no spectacular gains which would give added impetus to the growth of this industry.

Commitment of funds to infrastructure

The 2014/2015 NSW budget announced this week is a solid but unspectacular budget (as to be expected with it being the last budget before an election) which has a significant focus on infrastructure.

New Home Grants and First Home Owner Grants

From a property industry perspective, the most significant aspects of the June 2014 NSW budget are the following:

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