Published on May 7th, 2009 | by0
Australian Budget One to Watch
With the increasing interest in Britons looking to migrate to Australia, the
health of the economy down under is an important topic.
Prime Minister Kevin Rudd will deliver his 2nd Federal Budget on the 12th
May and he is expected to spend big in order to stimulate the Australian
economy that has slowed but not been devastated from the current Economic
In his first budget last year, PM Rudd promised to follow the previous
Howard Government’s prudent economic practise of positive budgets and had
forecast a A$21bn Surplus. Then along came the economic turmoil of 2008 and
PM Rudd went on a massive spending spree to keep the economy afloat and try
and avoid the first Australian recession in over 14 years.
So far this has seemed to work with only a 0.1% retraction in the Australian
economy in the December 2008 quarter, and we can expect to see some major
spending and incentive programs announced in this years’ budget aimed at
further invigorating the Australian economy and maintaining it as one of the
worlds safe havens.
This could be good news for Australian property investors and intended
migrants, that continue to enjoy favourable access to finance and prices
that have stayed firmer than many other countries, including the United
Kingdom, but have come off to offer true value in the current market.
SMATS Group Chairman, Steve Douglas, will be conducting his Annual
Australian Budget Review Seminar in London on the 9th & 10th June and it is
an opportunity for UK based Australians and English citizens with an
interest in Australia, to hear a full analysis of the Federal Budget and
discuss how it may impact on their personal situation.
This seminar is part of a world tour for Mr Douglas who presents this
seminar in Asia, Middle East and the USA as well. “This annual event has
proven popular as we endeavour to explain the complex issues announced in
the budget in simple English that anyone can understand and then discuss how
it may influence property and financial markets so people can use the
knowledge to their advantage.”
SMATS Group is the largest firm in the world assisting Australian Landlords
and Intended Migrants with their Australian Taxation & Finance requirements.
For further information or to register for the seminar, visit their website