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NSW exits lockdown, the Treasurer bats for negative gearing, and Victoria implements a vaccine mandate: Here are the biggest property stories this week.
Welcome to REB’s weekly round-up of the headline stories and news that’s important not only for the real estate sector, but also for the state of property in Australia more broadly.
Here are this week’s biggest stories:
The state has launched a new home buyer fund, under which it will pay 25 per cent of the property purchase price if eligible borrowers have a 5 per cent deposit.
From 15 October 2021, unvaccinated agents across Victoria could be hit with fines of more than $20,000 – or $100,000 for their agency – if they continue to work onsite without the jab.
EXCLUSIVE: Treasurer Josh Frydenberg has highlighted housing taxes as a key issue ahead of the federal election, despite Labor abandoning its previous calls to scrap negative gearing.
Lockdown restrictions across greater Sydney and NSW may be lifting today, but for the real estate industry, the road forward has felt anything but clear.
The Morrison government “strongly supports” brokers and the role they play in providing competition, the federal Treasurer has told Momentum Media.
Investors would be well-versed to heed the warning: “Past growth is not a predictor of future growth.”
A New South Wales agent is making a sea change of his own, swapping the streets of Sydney for the beach at Byron Bay.
More Victorian rental properties will be eligible for a 50 per cent land tax discount following the state government’s expansion of its building incentive scheme.
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