Budget is great news for real estate – if forecasts become reality: REIA

Posted on October 11, 2020 by | 0 Comments
Lawyers Conveyancing Logo

This post sponsored by Lawyers Conveyancing

The Real Estate Institute of Australia has cautiously welcomed the Federal Budget, saying it provides an encouraging outlook for all players in the Australian property market, but is contingent on the Government’s forecasts coming to pass.

“The Australian Government’s focus on creating employment and generating re-employment through various Budget measures is welcomed by REIA and is good news for tenants, investors, home owners and those wishing to sell,” REIA President Adrian Kelly said.

“Economic activity is forecast to pick up strongly from late 2020 and into early 2021, driven by a further easing of COVID-19 containment measures and improving business and consumer confidence.

“That being said, we need to be realistic about the challenges the global pandemic, and the Budget’s forecast may prove to be optimistic given the uncertainty of overcoming of COVID and the re-opening of borders.”


Want to comment on this posting? See the “Comment” box below.

Conveyancing + Lawyers Conveyancing = Peace of Mind

Visit Lawyers Conveyancing for more information on property law and conveyancing procedures

See also: auctions | buying | selling | Section 32 vendor Statements | auction strategies | conveyancer

Lawyers Conveyancing services all Melbourne municipalities

Categorised in:

Leave a Reply

Your email address will not be published.

Please prove you\'re a human by completing this equation: * Time limit is exhausted. Please reload CAPTCHA.