OpenCorp CEO, Matthew Lewison, spent last night looking over the Federal Government’s 2022-23 Budget.
In the video above, he shares his key takeaways from the budget.
Two points in particular stand out for property investors:
[2.19 into the video] For people looking to grow their wealth to save for retirement, it’s important to be aware of likely changes to tax in the future, so be mindful when making investment decisions, and try to use your taxes as effectively as you can.
[2.41] The big announcement in building a million homes in five years for housing affordability – this is all “smoke and mirrors”, says Matt. The investment in housing is actually dropping 20%.
As always, if you want more information, reach out to the team at OpenCorp and we can provide more insights to help you on your investment journey!