REIA’s Pre Budget Submission to Government focuses on housing affordability and taxation as it relates to property.
The Submission notes that as Australia’s economy transitions from resource investment growth to other drivers of growth and economic activity, dwelling investment has been a significant contributor to Australia’s economic growth. 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.
“Whilst the building sector has been a strong contributor to economic growth, this has been at the cost of first home buyers with the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments falling to 14.9 per cent in November and is the lowest since June 2004” said REIA President Mr Neville Sanders. Click HERE for full media release.
No bright spots in housing finance numbers: REIA
CPI continues to be good news for home buyers and renters
ALP needs to come clean before everyone loses: REIA
Little good news in housing finance numbers: REIA
REIA News – December 2018
REIA elects new president
House price drop largest in 7 years: REIA
Housing finance numbers on slippery slope: REIA