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Federal Budget reaffirms economic importance of real estate industry

By Kevin Kelly

As announcements from the federal budget continue to make headlines, one thing is for certain: Australia's real estate industry is set to remain strong in the near future. 

While indirect, the decisions made to help boost small business investment across the country could see some profound effects on the future of property investment. 

Real Estate Institute of Australia chief executive officer Amanda Lynch said that maintaining a low tax rate for small businesses and creating an environment for them to be established grow is a good position to take. 

"With other sectors of the economy slowing, housing will play an increasingly important role and it is pleasing to see the government has not tampered with tax arrangements that have been proven to help stimulate housing investment in Australia," said Ms Lynch in a 14 May statement. 

These revelations come on the back of a Senate report that aimed to tackle housing affordability across Western Australia, in order to help first home buyers achieve their dreams of property ownership. 

This could be great news for investors looking into real estate in Bunbury. Growing business investment could lead to further residential property needs across the region, so be sure to keep an eye on the local market's development. 

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