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REIA urges government to improve supply planning around housing development


Author: Real Estate Institute of Australia
TheReal Estate Institute of Australia (REIA) is urging the Federal and State Governmentsto improve planning approval times in a bid to address the diminishing housingsupply.
REIAPresident Adrian Kelly said there needs to be a long-term and collaborativeindustry-government plan for housing.
Transactionsare down, with Victoria reducing by 21 per cent over the past five years whileWA saw listings fall by 45 per cent over the past year indicating a chronicshortage of housing.
Thechanges should involve reducing the cost of the development applicationprocess, rezoning reform, improving approval times for developmentapplications, introduction of land release programsand the establishmentof a government-led mechanism for reliable data on housing demand and supply. ....

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Is it time the feds take on stamp duty and land tax?

Is it time the feds take on stamp duty and land tax? SHARE THIS ARTICLE The Real Estate Institute of Australia’s president has called out Australia’s “mish-mash” approach to property taxation. Adrian Kelly was reflecting on the Treasury’s recently released intergenerational report when he said that, as a nation, we’re getting older, less fertile, and more in debt. He expressed concern that as more Australians do age and near retirement age, “fewer Australians will pay more tax”. Advertisement ); googletag.cmd.push(function() { googletag.display( div-gpt-ad-1606778681712-0 ); }); } Advertisement With population growth long considered “a hallmark” of a vibrant and sustainable housing market, Mr Kelly said “there was nothing in the headlines that painted a promising picture for our home buyers and tenants”. ....

Adrian Kelly , Real Estate Institute Of Australia , Council Of Federal Financial Relations , Real Estate Institute , Federal Financial Relations , Intergenerational Report , ரியல் எஸ்டேட் நிறுவனம் ஆஃப் ஆஸ்திரேலியா , சபை ஆஃப் கூட்டாட்சியின் நிதி உறவுகள் , ரியல் எஸ்டேட் நிறுவனம் , கூட்டாட்சியின் நிதி உறவுகள் , இடைநிலை அறிக்கை ,

New home loans reach third-highest level in almost 20 years


New home loans reach third-highest level in almost 20 years
By Fergus Halliday
02 July 2021
|
1 minute read
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The ripe conditions of Australia’s property market find a new peak. 
Low interest rates and ongoing growth in the housing market have fuelled another strong month for Australians looking to build their own home.
According to the Australian Bureau of Statistics, new housing loan commitments for investor housing rose 13.3 per cent in May 2021 to a high of $9.1 billion.
“The value of investor loan commitments rose 116 per cent in the year to May 2021, after falling to a 20-year low in May 2020,” ABS head of finance and wealth Katherine Keenan said. ....

Adrian Kelly , Angela Lillicrap , Fergus Halliday , Katherine Keenan , Real Estate Institute Of Australia , Australian Bureau Of Statistics , Australian Bureau , New South Wales , Western Australia , South Australia , Building Bonus Grant , Estate Institute , ஃபெர்கஸ் ஹாலிடே , க்யாதரிந் கீநெந் , ரியல் எஸ்டேட் நிறுவனம் ஆஃப் ஆஸ்திரேலியா , ஆஸ்திரேலிய பணியகம் ஆஃப் புள்ளிவிவரங்கள் , ஆஸ்திரேலிய பணியகம் , புதியது தெற்கு வேல்ஸ் , மேற்கு ஆஸ்திரேலியா , தெற்கு ஆஸ்திரேலியா , கட்டிடம் போனஸ் மானியம் , எஸ்டேட் நிறுவனம் ,