What is the optimal way to invest post budget changes?
Firstly here is a little about me. I am 20M I work full time, live at home with parents with minimal expenses (I'm very blessed). For the last 2 years I have been focused on building a solid financial foundation setting myself up for life. I want to make the most of my situation living at home with my folks.
Pre budget I was looking into investing in property speaking to Buyers Agents and Mortgage Brokers, I have 90k in savings, roughly 20k in ETFs the rest in cash (HYSA). Due to the budget changes I'm not so sure about investing in property, there is a lot of noise around about a possible recession or housing market crash. Then there is also noise about a massive buying window/opportunity for investors similar to the COVID crisis.
Overall, I'm not sure what to believe. I know I can't trust the BA's and Brokers because they are trying to get a commission. They say that new builds are the best investment since you can still negatively gear. But I see a lot of people also saying to avoid these.
Should I continue investing aggressively in ETFs? But now shares are getting the same treatment with the CGT changes. Should I invest in a new build and take advantage of the negative gearing benefits, but most people say HL packages are to be avoided especially now. If this is true what road should I take in investing in property?
Obviously my goal is to invest in something that would give me the greatest returns. I understand the power of leveraging, which is why property seems to be the best choice for an investment vehicle, but I'm kinda lost.
Could you please give me your advice and thoughts on the investing landscape in general. Anyone else in a similar position? If so what are you doing? What do you make of the changes? Do you think property is still a viable investment despite the changes? Thanks very much in advance.