REIA’s Pre Budget Submission to Government focuses on taxation as it relates to property and the need for a holistic approach and housing affordability including the need to address the rapid decline in the number of first home buyers.
The Submission notes that dwelling investment supported by historically low interest rates has been a significant contributor to growth in the Australian economy since 2013/14. Australia’s property industry has been a main driver of economic growth and increased employment in the transition away from a decade-long reliance on mining. Providing a stimulus to economic activity outside the mining sector, including the housing and building sectors, was amongst the main reasons for the RBA to keep the official cash rate at record low levels since August 2013.
Housing Finance numbers show cautious optimism
REIA says rate cut to help affordability for home buyers
Leanne Pilkington recognised as best of the best
REIA News – June 2019
Research shows March housing decline, market to stabilise: REIA
Housing affordability improves while rental affordability declines: report
Rate cut will help affordability: REIA
Real Estate Institute of Australia welcome’s PM’s Ministerial appointments