The Australian property market is experiencing a rationalisation of agents due to tighter lending criteria, which is seeing longer listing times and stagnant prices particularly on the east coast, according to the Real Estate Institute of Australia (REIA).
Housing affordability improving across Australia, says REIA report
Housing affordability has improved across the country despite falls in Victoria, South Australia and ACT, according to new research from the Real Estate Institute of Australia and Adelaide Bank.
Low inflation data suggests interest rates likely to remain low: REIA
Inflation rose 0.2 per cent in the June quarter, making an annual increase of 1.9 per cent, suggesting that interest rates will remain low for some time, says Malcom Gunning, president of the REIA.
Melbourne leading real estate price gains, says REIA
Melbourne property prices were the fastest growing in the country during the March quarter, according to the latest data from REIA Real Estate Market Facts.
As reports begin to emerge that external cladding caused the London fire to spread so quickly, many in Australia are beginning to ask could the same thing happen here?
First-home buyers remain out in the cold, despite affordability improvements
The number of first-home buyers in Australia declined 11.2% over the March quarter, according to latest Adelaide Bank/REIA Housing Affordability Report.
Capital gains withholding tax too low for foreign residents says REIA
The threshold for foreign-resident capital gains tax withholding has been reduced to an unnecessarily low level, subjecting agents and conveyancers to additional red tape and costs for no good reason, says Malcolm Gunning of the REIA.
Federal government should reconsider changes to investment deductions, says REIA
Changes proposed by the federal government mean that an investor who owns a commercial investment property can claim travel costs for their annual site inspection, but a residential property investor can not.
