Real Estate Institute of Australia (REIA) President, Neville Sanders says the 2016 Budget has recognised that the housing and construction sector have a role to play as the Australian economy transitions away from a decade long reliance on mining for growth.
“Investment in dwellings is forecast to grow at 8% in 2016-17 and peak in 2017-18 with a record number of completions”, said REIA President Mr Neville Sanders.
“The boost to infrastructure spending, the extension of small business concessions, modest tax cuts and the retention of the current arrangements for taxation of property investments will help ensure that the property sector remains an important driver of economic growth.”
FOR FULL MEDIA RELEASE
GROWTH IN HOUSING FINANCE APPROVALS RESUMES
2021 OFFERS UNIQUE OPPORTUNITY FOR LATE AUTUMN AND WINTER SALES
RENTS CONTINUE RECOVERY FROM COVID IMPACT
All-star line-up for REIA National Awards for Excellence 2021 to be held in the Top End
HOMES SHOULD BE AT THE HEART OF BUDGET 2021 AS AUSSIE JOBS COME BACK ONLINE
RAPID GROWTH IN HOUSING FINANCE APPROVALS SLOWING DOWN
AUSTRALIAN HOUSING PRICES SOAR BY 500% OVER PAST 25 YEARS
REIA News – March 2021