The NSW government should provide first homebuyers with a 50 per cent reduction in the stamp duty on a purchase of a residential property less than $1 million and provide the ability to pay the stamp duty over time.
Inadequate real estate agent training needs to be addressed to achieve better consumer experiences and outcomes. Both the NSW Government and NSW Fair Trading must act on our recommendations for reform.
It is great to see that amendments have been made to allow these regulations the ability to be successfully implemented and help make our backyards safer.
We believe the establishment of a Commissioner for Property Services who will work cooperatively with industry will improve consumer confidence and ensure the prosperity of the sector is maximised for the benefit of all stakeholders.
It is foolish to think that only allowing negative gearing on new dwellings will fix anything as new dwellings are always going to be more expensive than existing properties.
"Auction volumes have risen significantly, so looking at auction clearance rates in isolation is not a true indicator of the health of the property market."
