‘Long overdue’ WA strata title reform welcomed by industry leaders
Leading industry bodies, including the Real Estate Institute of Western Australia, have welcomed the Western Australian State Cabinet's decision to continue with strata title reforms.
Budget not enough to help affordability in Sydney, Melbourne, but good news for the rest of Australia
The budget's First Home Super Savers Scheme might alleviate some housing affordability pressures, but is unlikely to help first-home buyers who want to live close to the city in Sydney and Melbourne.
"If a family or an individual has a roof over their head that they can rely on, then all of life's other challenges become more manageable." Scott Morrison, 2017 Budget speech.
The REINSW says policies being considered by the NSW government to improve housing affordability for first homebuyers is a step in the right direction.
Denita Wawn, CEO of Master Builders Australia, says the senate's passing of the tax cut bill is good news for small builders, but she is calling on the government to lower taxes for larger businesses too.
Foreign buyers account for 11% of all NSW home sales
Between July and September 2016, foreign nationals accounted for 11 per cent of all NSW residential property sales, compared with first-home buyers who accounted for only 7.51 per cent.
