The real estate industry has united against Labor's proposed changes to negative gearing, saying the changes would be bad for renters.
Housing affordability will improve with the construction of new homes, but Tim McKibbin of REINSW says stamp duty brackets need to be updated.
Use the windfall in tomorrow's budget from higher charges on foreign investors to help first-home buyers get into the market, says REINSW president.
The roll on effect could be an economic disaster for Australia with fewer international students, slower population growth and higher unemployment.
Real estate agents and industry representatives are questioning moves by three state governments to impose higher taxes on foreign property investors.
Foreign real estate investors in NSW will be hit with new stamp duty charges and a land tax in the upcoming budget.
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.
Negative gearing encourages property investment, and helps people retire with confidence, reducing the burden on the federal government, says REIWA president, Hayden Groves.
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.
Ray White has been recognised as one of the most celebrated family businesses in the world by the EY World Entrepreneur of the Year Forum.
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