The NSW government has released the Real Estate and Property Services Industry Reform Paper that outlines plans for the state’s $15 billion real estate sector.
Lucy Turnbull's plan to tackle housing affordability
New district plans will require that land rezoned for higher density will allocate 5-10% of the extra floor space to low-income housing, reports the Sydney Morning Herald.
Investors as well as property owners can now breathe a big sigh of relief knowing that there will now be no changes to negative gearing as a result of the election of the Coalition Government.
The need to re-establish the Australian Building and Construction Commission is very real and we urge the government to find a legislative pathway to deliver this important reform.
Year after year, budget after budget, the NSW government has the opportunity to support first homebuyers and those looking to purchase property and it continues to deny them a fair go.
Recent policy announcements by the Queensland Government are a classic example of a complete lack of understanding of the connectivity between property markets and the economy.
While our survey has found that the majority of people aren’t deterred from purchasing property by the election, a lot of people are and have decided to wait it out.