July is going to be a busy month. The new Brightline Test changes take affect from 1 July 2024. The Reserve Bank has also announced that the much talked about Debt to Income Ratios (DTIs) will be activated from 1 July 2024 and the Loan to Value Ratios (LVRs) changes also take effect from 1 July 2024. It feels like we are being given something in one hand and having it taken away from the other.

 I try not to listen to the media a lot these days to filter out all the negative press. The perfect example of this was when I heard leading up-to the 2024 Budget that property investors were “getting a tax cut” in reference to the re-instatement of loan interest deductibility. The fact is this legitimate tax deduction should never have removed in the first instance.

 A 2024 Budget cut a lot of people never saw coming was the removal of the First Home Grant. Having friends about to buy their first home this really hit a nerve with me. When people are really struggling in the high inflation environment some first home buyers who could have been eligible for the grant up to $10,000 from the government will now need to find that money from their hard earned savings.