The 2017 Budget has recognised the need to address housing supply and affordability through a number of complementary measures, according to the Real Estate Institute of Australia (REIA).
“The boost to infrastructure spending, measures to improve housing supply, the extension of small business concessions, and the retention of the current negative gearing as well as CGT arrangements for taxation of property investments will help ensure that the property sector remains an important contributor to economic growth,” REIA President Malcolm Gunning said.
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