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Small business development central to Australian budget

By James Brown

The upkeep of a strong economy is something property investors look for when considering portfolio expansion. 

And in Australia, the Federal Budget is expected to provide more stimulus for small business growth across the country, bolstering the economy.

As regions throughout Australia receive funding, the potential for Moreton Bay businesses to excel and grow could lead to a number of investment options in Caboolture's real estate market. 

For example, the $5.5billion 'Growing Jobs and Small Business Package' will help give the small business the chance to pursue develop and grow. This also includes businesses involved with residential construction.

Housing Industry Association chief executive for Industry Policy and Media Relations Graham Wolfe said the new small business tax cut of 1.5 per cent coupled with an accelerated depreciation allowance for assets valued over $20,000 could provide a great incentive for future growth. 

"There needs to be a greater focus on skills and training to nurture and develop the skilled labour force required to house Australia's growing and ageing population," said Mr Wolfe in a 12 May statement. 

With more plans to be revealed in the coming weeks, the Federal Budget could provide some incentive for investors sitting on the fence about beginning or expanding their portfolios into new areas of Australia. 

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