This blog is provided by Mecca Property Group.
There haven't been many budget announcements that have rattled the property market quite like this one.
With negative gearing and the 50 per cent CGT discount set to be scrapped, buyers aren't sure what to do. Uncertainty has crept into conversations that, not long ago, were focused entirely on opportunity.
Right now, that fear is centred on proposed changes to negative gearing, capital gains tax concessions, borrowing capacity pressures and broader economic uncertainty.
Over the past several weeks, the question appearing most often in conversations with investors, accountants and brokers has been the same.
Is property still worth investing in?
The short answer is yes. Because fear in markets has always created conditions that favour disciplined buyers.