Infrastructure Australia’s recommendations for incentive-based funding to stimulate productivity-boosting economic reform are welcome and demand serious consideration by all levels of government.
The property industry is the biggest creator of jobs in communities right across New South Wales with 2,500 property jobs in the communities of Ryde and Canterbury-Bankstown at risk if the State Government bans new housing being delivered in these suburbs.
A beachside community north of Perth and a housing development in the heart of Rockingham have achieved national recognition at the 2018 Property Council of Australia / Rider Levett Bucknall Awards. Alkimos Beach, developed by LandCorp and Lendlease, was presented with the EPM Projects Award for Best Master Planned Community.
Confidence across Australia’s property industry has surged to its highest level in the six year history of the ANZ/Property Council Survey according to results for the June 2018 quarter.
Stamp duty has remained unchanged in NSW for 32 years despite median house prices rising by 1181.55 per cent, according to the Real Estate Institute of New South Wales.
In its 2018-19 pre-budget submission, the Property Council has called on the State Government to let the property industry grow WA with nine key initiatives to create jobs and build strong communities.
“Australia needs to build in more than 230,000 homes every year if we are to address our current housing affordability challenge,” stated Tim Reardon, HIA’s Principal Economist.
“The Reserve Bank of Australia left the official cash rate at 1.50 per cent – for a record 19 consecutive months and it seems it won’t change soon”, said the HIA’s Principal Economist, Tim Reardon.
The Government’s reform of taxation of stapled structures strikes a sensible balance between improving the integrity of the corporate tax system while still encouraging productive investment in Australia’s property industry.
Property prices ended 2017 on a high with the weighted average median price of the eight capital cities up 1.0 per cent to $769,501, according to the latest research from the Real Estate Institute of Australia.