Negative gearing a hot topic
THE value of every Australian home is at serious risk if Labor wins the Federal Election, according to powerhouse property doyen John McGrath.
He warned if negative gearing was abolished it would affect every single person who owned or rented a home, not just investors.
Property values would drop and rents would go up, he said.
Mr McGrath has thrown his weight behind an apolitical coalition of real estate agents, united together by Ray White Group chief Brian White, driven by their concern to reduce property tax concessions as of July 2017, which has been proposed by the Labor Party ahead of the poll.
Mr McGrath, founder and chief of McGrath Estate Agents, was on the Gold Coast this week for his 19th and biggest Australasian Real Estate Conference with 35 speakers and 4000 delegates.
Mr McGrath hand-picked 35 speakers for this year’s AREC but he rated Earth Hour co-founder Nigel Marsh as his favourite speaker of the two-day event.
Mr Marsh, told the agents his “light bulb” moment was realising he couldn’t eradicate all the problems in the workplace.
“Just deal with them. Business is constant whitewater. But I have seen CEOs who couldn’t run a bath let alone a company,” he said.
He also labelled all “business books” as rubbish.
Real estate agents who aren’t on social media are missing out on business, according to another AREC speaker Sherrie Storor.
Ms Storor told agents to use Facebook, Instagram, LinkedIn and Twitter to boost profiles.
“We sell real estate really differently to what we did 10 years ago,” the McGrath New Farm sales agent said.
“The average Australian spends one working day per week on social media. That’s more than most people spend watching TV, or being with their loved ones.”
Ms Storor advised agents to always “be authentic” online, engage with your vendors and “share yourself, but not too much”.
John McGrath warns property prices will drop and rents will skyrocket if the ALP wins the Federal Election on July 2. And (below) McGrath New Farm agent Sherrie Storor encourages all real estate agents to use social media.