Five point plan for prosperity, jobs and strong communities
The Property Council of Australia policy platform for the 2019 federal election sets out a five-point plan for prosperity, jobs and strong communities.
Tag: property
Australia’s home ownership aspirations at risk
“Changes to existing capital gains tax and negative gearing arrangements on residential investment properties proposed by the Federal Opposition will dampen first home buyer capacity to save for their first home,” stated HIA’s Managing Director, Graham Wolfe.
Focus on good growth, not preventing it
Australia’s policy-makers and planners need to focus on delivering good growth, especially in our major cities, rather than looking for ways to prevent it.
Price of land rises as demand falls
“The price of land for new residential building has continued to rise despite a fall in demand,” said HIA Chief Economist Tim Reardon.
Property prices fall 2.4% in the December quarter 2018
Residential property prices fell 2.4 per cent in the December quarter 2018, according to figures released by the Australian Bureau of Statistics (ABS).
Housing investor loans sink to GFC levels
“The amount of credit provided to housing investors in January 2019 was lower than in any month since 2011,” said Master Builders Australia’s Chief Economist, Shane Garrett.
Appointment of new CEO for Green Building Council of Australia
The Property Council has warmly welcomed the appointment of Davina Rooney as the new chief executive officer of the Green Building Council of Australia (GBCA).
Negative gearing changes won’t stimulate new housing demand
The ALP’s proposed changes to taxation arrangements for investment property won’t stimulate investment in new housing as assumed and will lead to a fall in demand for all residential property types according to a survey of current and prospective property investors.
New rules to enforce better apartment quality and open space
Minimum apartment sizes, increased tree retention and new natural light requirements form part of new guidelines to ensure future infill and apartment developments are built to higher design standards.
Industry roundtable on property taxation impacts
The Property Council of Australia was pleased to participate in an industry roundtable on the impact of changes to negative gearing and capital gains tax.
New apartments see weakest result since mid-2012
“The volume of new apartment building is smaller than at any time since July 2012,” according to Master Builders Australia’s Chief Economist Shane Garrett.
Building approvals lowest in 5 years
“Building approval data released shows that the slowdown in building activity accelerated at the end of 2018,” stated HIA Principal Economist, Tim Reardon.