Australia's prestige property market set to bottom

I joined Ausbiz today for my monthly discussion about the property investment market. The Australian government announced a ban on residential borrowing inside self-managed super funds (SMSF) since my last interview.

I think this will further impact brand new property development, as a lot of these SMSF investors were also buying into brand new projects. Something the government needs to consider when weighing up the cost/benefit analysis.

I also spoke about three key areas of the property market that I think will do well over the next year. One of these includes the prestige property market, which has recently seen large price falls. It could bottom soon as investors look to trade up into more expensive homes in order to avoid capital gains tax.

Full interview here (you need to log in to watch, its free).