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.
Finalists battle it out for the Australasian Auctioneering Crown
REIA News – September 2018
Housing prices continue to fall: REIA
Renters, first home buyers see more affordable market: Report
REIA News – August 2018
Housing finance numbers continue fall
CPI good news for renters: REIA
REIA News – July 2018