According to the Real Estate Institute of Australia (REIA), the June 2016 quarter CPI figure is good news for home buyers and renters. “Overall, the All Groups CPI, increased by 0.4% in the June quarter giving an annual increase of 1.0% – the lowest annual changes since June 1999. These figures are well below the […]
Also in this issue: We have a result from the Federal Election… what now? Changes to some State/Territory Property Taxes and First Home Buyer Incentives REI Super to become a public offer fund Important Reviews Released Australasian Real Estate Institutes’ Auctioneering Championships 2016 – registration details To access your copy, CLICK HERE
The latest housing finance figures released today by the Australian Bureau of Statistics (ABS) confirm a moderating housing market. The Real Estate Institute of Australia (REIA) says the figures for May 2016 show, in trend terms that the number of owner-occupied finance commitments fell by 0.2 per cent – the fourth consecutive month of slight […]
According to the real estate industry, Labor’s negative gearing and capital gains tax policy favours high income families and does nothing to curb what it sees as the excesses. “The proposal is that losses from new investments in shares and existing properties can still be used to offset investment income tax liabilities and that these […]
Especially in light of the unexpected Brexit, to implement Labor’s policy on negative gearing will put at risk Australia’s economic recovery as it continues to transition from resource investment to other drivers of growth of which housing investment has been a significant contributor according to the real estate industry. “Australia’s property industry is the main […]
The real estate sector says that Labor’s policy on negative gearing has been independently assessed and is shown to have far greater impacts on prices, economic activity and state revenues than previously thought. SQM Research, a respected Australian investment research house specialising in residential property research, has released a research paper covering the potential price, […]
Changes to the current taxation arrangements for residential property as proposed by Labor would shrink investment in housing, see increases in rents larger than they would otherwise be and require greater government investment in social housing according to the real estate industry. “Negative gearing contributes to the provision of new housing with around a third […]
Also in this issue: Lobbying on behalf of the Profession Market Update – March quarter 2016 results Fact sheet for real estate agents – Foreign resident capital gains withholding payments What small businesses need to know about tax deductions CLICK HERE to read.
The provisions in Labor’s policy to “grandfather” negative gearing on current investments will not protect the interests of existing investors in real estate and will put at risk planned for retirement nest eggs according to the real estate industry. Mr Neville Sanders, President of the Real Estate Institute of Australia says “With negative gearing only […]
The Real Estate Institute of Australia (REIA) says that property prices decreased in the first three months of the year resulting in the slowest annual growth in the past three years. According to the latest REIA Real Estate Market Facts publication, the weighted average median price for the eight capital cities was $684,601 for houses […]
