If you're considering taking out a construction loan in the near future, now could be the perfect time to put those plans into action.
The coalition government's decision on July 8 to reduce the amount of red tape surrounding policy in an attempt to reduce regulation in order to boost productivity has been praised by Master Builders Australia (MBA).
Wilhelm Harnisch, chief executive officer of the MBA, said in a statement released July 8 that he looks forward to seeing what policies the government rolls out following their announcement.
"The building and construction industry is one of the most intensely regulated industries in Australia, with legislation and red tape applied at all three levels of government," Mr Harnish said.
Mr Harnisch went onto say that there is too much time spent dealing with compliance processes rather than focusing on what really matters – the creation of jobs, driving the economy and building homes and infrastructure throughout Australia.
"There has been a raft of legislation and regulation introduced in recent years that are anti-productivity and add unnecessary costs. The policy discussion focussing on increasing productivity and decreasing regulation is certainly welcome."
If you're looking into an investment loan for real estate, this announcement could be fantastic news for people looking to build new homes in their area.
Getting in contact with a home loan professional at Smartline can help you to get real estate advice and figure out what type of investment could work for your personal situation.
They can also help to sort you out with the right home loan option for your investment purposes, giving you the freedom needed to pursue your real estate dreams.
You can contact a Smartline Mortgage Adviser on 13 14 97 for home loan advice. Or complete our call request form and we’ll call you!
DISCLAIMER: The information contained in this article is correct at the time of publishing and is subject to change. It is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, Smartline recommends that you consider whether it is appropriate for your circumstances. Smartline recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.