REIA Key Policy Positions
The Real Estate Institute of Australia (REIA) maintains a strong relationship with Federal Government, bureaucrats and the media, through formal and informal lobbying and the release of policy statements and research on a range of property, taxation and economic issues. The institute continues to identify, formulate, encourage and promote public policies that contribute to an economic and political environment favourable to the real estate profession and small business generally.
REIA’s key policy positions include:
- The appointment of a Minister for Property Services
- Impediments to housing supply be addressed in improving the responsiveness of housing supply in addressing affordability
- A co-ordinated and holistic approach of all levels of government in objectively addressing all property taxes at state and Federal level
- Removal of stamp duty on property transactions. REIA supports the replacement of stamp duties with a broad based tax which is more efficient and equitable.
- Until a co-ordinated and holistic approach in objectively addressing all property taxes is undertaken that negative gearing and capital gains tax on property investments are retained in its current form
- In the event of a change to CGT arrangements, REIA support indexation of capital gains
- Extend the current First Home Super Saver (FHSS) Scheme to allow first home buyers to have access to their voluntary superannuation contributions, including earnings, for the purpose of raising a deposit for a home
- Establish a mechanism to ensure the availability of reliable data on housing demand and supply in order to formulate appropriate policies and to monitor their effectiveness.
Additional areas that are expected to be considered by the Government during this term are:
- Addressing the “excesses” of negative gearing
- National Licensing for education.