Real Estate Institute of Australia (REIA) CEO, Ms Amanda Lynch says the Government has failed to introduce any new initiatives to address housing affordability in this year's Budget and has instead passed all responsibility onto the Reserve Bank.
"The good news is the Budget retains conditions where further rate cuts are possible. But as we have seen last week, there is no guarantee cuts will find their way to borrowers," Ms Lynch said.
GROWTH IN HOUSING FINANCE APPROVALS RESUMES
2021 OFFERS UNIQUE OPPORTUNITY FOR LATE AUTUMN AND WINTER SALES
RENTS CONTINUE RECOVERY FROM COVID IMPACT
All-star line-up for REIA National Awards for Excellence 2021 to be held in the Top End
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AUSTRALIAN HOUSING PRICES SOAR BY 500% OVER PAST 25 YEARS