Housing affordability improving across Australia, says REIA report
Housing affordability has improved across the country despite falls in Victoria, South Australia and ACT, according to new research from the Real Estate Institute of Australia and Adelaide Bank.
Federal Budget holds good news for buyers and sellers
While the 2018 Budget had no measures specifically addressing housing supply and affordability, the Budget's approach recognised the state of the property market, according to the Real Estate Institute of Australia (REIA).
Low inflation data suggests interest rates likely to remain low: REIA
Inflation rose 0.2 per cent in the June quarter, making an annual increase of 1.9 per cent, suggesting that interest rates will remain low for some time, says Malcom Gunning, president of the REIA.
As reports begin to emerge that external cladding caused the London fire to spread so quickly, many in Australia are beginning to ask could the same thing happen here?
First-home buyers remain out in the cold, despite affordability improvements
The number of first-home buyers in Australia declined 11.2% over the March quarter, according to latest Adelaide Bank/REIA Housing Affordability Report.
Capital gains withholding tax too low for foreign residents says REIA
The threshold for foreign-resident capital gains tax withholding has been reduced to an unnecessarily low level, subjecting agents and conveyancers to additional red tape and costs for no good reason, says Malcolm Gunning of the REIA.
Federal government should reconsider changes to investment deductions, says REIA
Changes proposed by the federal government mean that an investor who owns a commercial investment property can claim travel costs for their annual site inspection, but a residential property investor can not.