Friday, September 29, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Real Estate

Real estate industry welcomes bi-partisan support and clarity for home owners and investors

MtR by MtR
July 26, 2021
in Real Estate
0
Real estate industry welcomes bi-partisan support and clarity for home owners and investors


Author: Real Estate Institute of Australia

The Real Estate Institute of Australia (REIA) has welcomedthe leader of the oppositions announcement that the Federal Labour Party willsupport the status quo for negative gearing and capital gains tax (CGT) shouldthey form government.

REIA President Adrian Kelly said households and smallbusinesses need certainty as 12 million Australians remain in lockdown.

Many mum and dad investors have borne the brunt of therental eviction moratoriums and stepped up to provide social and affordablehousing through this period.

The vast majority of property investors are everydayAustralians looking to provide for their own retirements who are also instrumentalin providing the rental accommodation that is needed by the 27 per cent ofAustralians who rent their home.

Australian Tax Office data shows that the majority just over70 per cent of investors own just on investment property.

Continuing to support successful tax settings thatencourage investment and has assisted investors throughout the COVID-19 pandemicis most welcome in a time of great uncertainty.

We also do not want CGT to become overly punitive and disincentiviseand discourage households from rightsizing. This will particularly be the caseas Australias population ages.

We thank the opposition for taking on board the advice ofthe real estate industry as practitioners working at the coalface of propertymarkets and welcome the commitment to keep negative gearing as it is, and notincrease CGT, he said.

Time to axe taxes that impact housing affordability

In 2019 REIA ran a major myth busting campaign aboutnegative gearing and CGT to investors and tenants that reached over 10 million propertycustomers.

Mr Kelly said that REIA was renewing their commitment to axetaxes that impact on affordability.

It is time for the State and Federal Governments to get ridof punitive stamp duty once and for all; and this will be our centrepiece tothe Governments recently announced parliamentary inquiry into housing supplyled by Jason Falinski MP.

Mr Kelly also welcomed the oppositions commitment to providebi-partisan support of legislated tax cuts which puts more money back into thehip-pockets and the economy.

/Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here.



Source link

Related articles

The Office Real Estate Depression – The Motley Fool

The Office Real Estate Depression – The Motley Fool

September 29, 2023
Real Estate Broker Gets House Arrest in Homeless-Shelter Bribery Scheme

Real Estate Broker Gets House Arrest in Homeless-Shelter Bribery Scheme

September 28, 2023

Related Posts

The Office Real Estate Depression – The Motley Fool

The Office Real Estate Depression – The Motley Fool

by MtR
September 29, 2023
0

The Office Real Estate Depression  The Motley Fool Source link

Real Estate Broker Gets House Arrest in Homeless-Shelter Bribery Scheme

Real Estate Broker Gets House Arrest in Homeless-Shelter Bribery Scheme

by MtR
September 28, 2023
0

A New York real estate broker was sentenced to nine months of house arrest this week for paying a former...

Fitwel certification launched to standardize real estate’s social impact

Fitwel certification launched to standardize real estate’s social impact

by MtR
September 28, 2023
0

Nearly there! A verification email is on its way to you. Please check your spam or junk folder just in...

Higher Interest Rates Have Deflated the Real-Estate Bubble, UBS Says

Higher Interest Rates Have Deflated the Real-Estate Bubble, UBS Says

by MtR
September 28, 2023
0

Higher interest rates have deflated real-estate bubbles across the world, according to UBS. Central banks have aggressively hiked borrowing costs...

New partnership aims to ‘transform’ senior living through real estate, care, tech – News

New partnership aims to ‘transform’ senior living through real estate, care, tech – News

by MtR
September 28, 2023
0

(photo credit: Monty Rakusen/Getty Images) A Brentwood, TN, assisted living and memory care community is the launch point for a...

Load More
  • Trending
  • Comments
  • Latest
Bank of England tells ministers to intervene on digital currency ‘programming’

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021
Tips for checking smoke alarms during daylight saving time

Tips for checking smoke alarms during daylight saving time

March 12, 2022
GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
What will Durham County education bonds pay for? A full list

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0
The Office Real Estate Depression – The Motley Fool

The Office Real Estate Depression – The Motley Fool

September 29, 2023
The Latest News in Blockchain, Cryptocurrency, & NFTs – September Week 4

The Latest News in Blockchain, Cryptocurrency, & NFTs – September Week 4

September 29, 2023
Did You Buy Something at Sam’s Club Before It Went on Sale? You Could Get Some Money Back

Did You Buy Something at Sam’s Club Before It Went on Sale? You Could Get Some Money Back

September 29, 2023
US stocks rally as oil price retreats from recent high

US stocks rally as oil price retreats from recent high

September 29, 2023

Recent News

The Office Real Estate Depression – The Motley Fool

The Office Real Estate Depression – The Motley Fool

September 29, 2023
The Latest News in Blockchain, Cryptocurrency, & NFTs – September Week 4

The Latest News in Blockchain, Cryptocurrency, & NFTs – September Week 4

September 29, 2023
Did You Buy Something at Sam’s Club Before It Went on Sale? You Could Get Some Money Back

Did You Buy Something at Sam’s Club Before It Went on Sale? You Could Get Some Money Back

September 29, 2023

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter