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Protecting your property value

A VOTE FOR THE UAP IS A VOTE TO KEEP YOUR PROPERTY VALUES IN TACT

The RBA has recently reported that housing prices could worsen and push borrowers into negative equity situations. Currently 2% of Australia is in fact in a negative equity position.

Negative equity on a property is catastrophic for the economy. If your property value is lower than your property debt you are in a position where you cannot sell, refinance to a lower interest rate or relocate. In addition if you are a business owner you are unable to get any equity for expansion or overdrafts. In fact the banks can and will do reviews on your business and potentially force a sale.

The UAP is mindful of the reasons we need a strong, robust economy. All hardworking Australians should have the ability to own a property.

We don’t want to see the property values erode in this country. We need to remember if property values erode, equity is gone and businesses cannot function. A business owner cannot employ more people without working capital or overdrafts. They cannot purchase large amounts of stock and take advantage of economies of scale to get the stock purchases at the right price to be able to make profit.

Property values lead to employment and a stable economy – Remember this when you vote on May 18.