INTERGENERATIONAL REPORT SHOWS IT IS TIME FOR REFORM FOR TAX ON HOMES

July 1st,2021

The fifth Intergenerational report just released by the Treasurer has caught the headlines for all the wrong reasons, Real Estate Institute of Australia (REIA) President, Adrian Kelly said.

Mr Kelly said that as a nation, we’re getting older, less fertile, more in debt; and as we age and near retirement, fewer Australians will pay more tax. “Those who were undecided about taking the plunge into parenthood may not have taken much comfort from this report. As real estate agents, population growth is a hallmark of a vibrant and sustainable housing market.