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.
REIA WELCOMES DRAFT REPORT INTO REFORMING GST AND REDUCING INEFFICIENT TAXES
REIA News – June 2020
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April Housing Finance Respond to COVID Restrictions
REIA releases quarterly Real Estate Market Facts
REIA welcomes Federal Government Housing Stimulus package
HOUSING AFFORDABILITY IMPROVES MARGINALLY IN THE MARCH QUARTER
CAUTION FOR BUILDING STIMULUS PACKAGE