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Doom and gloom – you hear it everywhere but that’s nothing new. It was all over the place last year yet 2014 was a great year for property investing.
Pay attention to whom you pay attention!
There are a number of reasons to be positive about 2015. The following 5 are just some of them:
1. The population is growing at an amazing pace.
We added about 400,000 new people to the country last year with no signs of slowing down for this year. These individuals will push the demand for infrastructure, housing, retail, education and many other sectors.
2. Demographic shift
The lower cost of finance may encourage more young adults to spread their wings and leave the nest in search of their own households. Their search for accommodation and jobs to go with their newly earned degrees, will very likely lead them to the CBD and inner ring suburbs.
3. Low petrol prices are great for tourism domestically and businesses will enjoy the lower costs.
Tourist and local businesses will enjoy uplift due to Australians becoming more mobile, taking road trips and vacationing at home.
4. We’ve got a low dollar, thanks to the RBA’s rate drop.
We’re going to see tourism rebound. Manufacturing, education, agribusiness and retail will see improvement and our regional centres will benefit as well.
5. Business expansion.
Free trade deals with economic powerhouses like Japan and China will generate opportunities for business, particularly in the major capital cities. An increase in available products will also lead to an increase in consumer spending.