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Budget highlights importance of property to a healthy economy: REIA

The 2019/20 Budget provides a fiscal stimulus by increasing infrastructure spending and delivering higher disposable incomes to 10 million low to middle income earners, according to the Real Estate Institute of Australia (REIA).

Budget highlights importance of property to a healthy economy: REIA

The 2019/20 Budget provides a fiscal stimulus by increasing infrastructure spending and delivering higher disposable incomes to 10 million low to middle-income earners, according to the Real Estate Institute of Australia (REIA).

“Whilst there were no major surprises in the Budget, the measures will lift the brake of economic activity,” REIA President Adrian Kelly said.

“The Budget papers forecast private investment to fall by 7 per cent in 2020…