The REIA's 10 point wishlist for the federal budget

The REIA's 10 point wishlist for the federal budget
The REIA's 10 point wishlist for the federal budget

Property Observer previously reported about the REIA's proposals for the 2014/2015 federal budget.

Here are the 10 wishes they look to see fulfilled next week.

The REIA’s 10-item pre-budget submission wishlist:

  1. Ensure the availability of reliable data on housing demand and supply to formulate appropriate policies and to monitor their effectiveness.

  2. All states and territories uphold the initial intent of the Intergovernmental Agreement in Federal Financial Relations Schedule A, that assistance to first home buyers will be “uniform” and that “an eligible home will be new or established”.

  3. Review the amount of the First Home Owner Grant annually to maintain relativity with house price movements.

  4. Allow first home buyers access to their superannuation for the purchase of a home.

  5. Retention of current arrangements for negative gearing of property investments.

  6. No increase in capital gains tax on property investments.

  7. Abolish stamp duty on property transactions in favour of an efficient source of revenue for states and territories.

  8. Improve the supply of housing for social housing tenants transitioning to private rental by utilising private investment.

  9. Monitor Housing Affordability Fund (HAF) and National Rental Affordability Scheme (NRAS) to observe its effects on housing supply and to conduct a review which  considers additional measures to bridge the demand-supply imbalance.

  10. Ensure the Australian Skills Quality Authority (ASQA) funding is adequate to ensure nationally approved quality standards are met for vocational education and training. It is also imperative that outcomes be assessed by government around how well the Authority has ensured the integrity of the VET sector.

Source: REIA Budget submission. You can read it in its entirety here.

Jennifer Duke

Jennifer Duke

Jennifer Duke was a property writer at Property Observer

Reia Budget

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