3 ways the federal budget should have gone further: REIQ
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While it commended the federal government’s commitments for 2021, the Real Estate Institute of Queensland (REIQ) said that budgetary measures need to go further in order to have any meaningful impact on economic recovery.
The announcement of the latest federal budget revealed several moves from the government to support property, including assistance for single parents, first home buyers, new home builders, retirees and downsizers, renovators and beneficiaries of public housing.
The REIQ has welcomed these commitments as Queensland continues to rise as a high-performing property market, with prices rising at the fastest monthly rate in over 30 years and interstate migration adding unprecedented pressure on housing stock.