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.
Property investment important to Western Australians
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.
I call for the NSW government to provide retirees with a 50% reduction in stamp duty for a residential property purchased to replace an existing residential property up to the value of $1 million.
I believe it is a fair proposition for foreign buyers of real estate, who enjoy the benefits of capital growth from the property they purchase, to help contribute to the infrastructure and liveability of the communities they are investing in via this tax proposal.
