๐๐ผ๐๐๐ถ๐ป๐ด ๐ฃ๐น๐ฎ๐ป ๐ฅ๐ฒ๐น๐ฒ๐ฎ๐๐ฒ๐ฑ
The Real Estate Institute of Australia (REIA) has made a series of recommendations to improve housing and rental affordability.
REIA said โthe immediate short-term and long-term housing market policy focusโ should be to increase housing supply and better use existing supply. With that in mind, REIA recommended that federal and state governments:
* Eliminate stamp duty
* Promote property investment
* Incentivise investors to choose long-term leasing over Airbnb-style leasing
* Provide assistance to first home buyers
* Make it easier for older homeowners to downsize
REIA data show that the share of income the average household needs to meet their mortgage repayments ranges from 34.4% in the Northern Territory to 56.0% in New South Wales, while the equivalent rental figure ranges from 19.7% in the ACT to 27.3% in Tasmania (see graph).
Subiaco finance brokers are here to help
Interest rate rises are here, but you donโt have to fear with the right broker on your side.
The team at Sonam Capital are here to empower you through financial knowledge. Weโll take the time to get to know you and your unique situation and speak in a language you can understand, with strategies you can implement for the best possible outcomes.
Nick, Wayne and Amanda at Sonam Capital are your Subiaco finance specialists.
