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.
GROWTH IN HOUSING FINANCE APPROVALS RESUMES
2021 OFFERS UNIQUE OPPORTUNITY FOR LATE AUTUMN AND WINTER SALES
RENTS CONTINUE RECOVERY FROM COVID IMPACT
All-star line-up for REIA National Awards for Excellence 2021 to be held in the Top End
HOMES SHOULD BE AT THE HEART OF BUDGET 2021 AS AUSSIE JOBS COME BACK ONLINE
RAPID GROWTH IN HOUSING FINANCE APPROVALS SLOWING DOWN
AUSTRALIAN HOUSING PRICES SOAR BY 500% OVER PAST 25 YEARS
REIA News – March 2021