Housing market could help balance out future risks for economy: RBA
Reserve Bank Deputy Governor Guy Debelle has identified positive change within Australia's housing market as a potential offset for future risks to the country's economy.
Infrastructure spend welcomed but property concerns remain following budget
The Federal Government's 2019 budget has been headlined by a $100 billion infrastructure spend across the next decade, but there remains uncertainty about the impact of a declining housing market.
"No bright spot" in latest housing finance figures
President of the Real Estate Institute of Australia (REIA) Malcolm Gunning says there is "no bright spot" in the latest housing finance figures, released by the Australian Bureau of Statistics (ABS).
"Calendar year 2016 will be a record year for new dwelling commencements, but the situation could look very different from next year,” says HIA Chief Economist, Dr Harley Dale.
While it is reasonable to review the fairness of the current negative gearing/capital gains tax arrangements, the Reserve Bank has indicated it would rather change capital gains tax arrangements than negative gearing.