“The First Home Buyer share of owner occupier mortgage volumes remained high during January 2018,” commented Shane Garrett, HIA Senior Economist.
A Reserve Bank of Australia (RBA) report confirms that restrictive planning policies are pushing home ownership out of reach.
“Analysis by The Reserve Bank of Australia shows that the average Sydney house price is inflated by an additional $489,000 by oppressive planning regimes,” stated Tim Reardon, HIA’s Principal Economist.
The drive to improve diversity in the property industry is gaining huge momentum and delivering long-lasting change, according to the Property Council of Australia.
Western Australia is showing clear signs of emerging from its mining-boom hangover with confidence levels matching that of NSW according to the latest ANZ/Property Council Survey.
The new NSW Retirement Villages Regulation 2017 commenced instilling transparency and consistency into the fee structure for retirement villages in NSW.
The Property Council welcomed the release of Major Projects Legislation for public comment. Executive Director, Brian Wightman said that any efforts to streamline applications and approvals in Tasmania should be welcomed.