Budget announcements supported by REIQ

The upcoming Federal Budget is likely to have a massive effect on the continued growth of Australia's economy, outlining changes that could result in more consumer confidence nationwide. 

In fact, the Real Estate Institute of Queensland (REIQ) has outlined support for the plans, which could inspire potential buyers interested in securing real estate in Burpengary to begin planning their own property purchases. 

Many of the details outlined in the Budget are concerned with stimulating local economy by supporting small businesses. For example, businesses with an annual turnover of less than $2million will see a reduced taxation rate – fostering the growth of grassroots opportunities across the country. 

REIQ chief executive officer Antonia Mercorella said the government's attempts to help reinvigorate local economies will be great news for consumer confidence and the development of communities in the long term. 

"When consumer confidence is thriving, the benefits flow through to all parts of the economy, including the property sector," said Ms Mercorella in a 13 May statement. 

If you're interested in purchasing property in Moreton Bay, be sure to get in touch with a real estate agent in Burpengary. Their insight into local hot spots could be extremely useful when embarking on your own housing search.