RENTAL HOUSING – NEW SOUTH WALES

Property taxes will hit safe Labor seats

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Original article by Duncan Hughes
The Australian Financial Review – Page: 11 : 10-May-19

The Real Estate Institute of New South Wales has urged Labor to reconsider its proposed negative gearing and capital gains tax reforms. CEO Tim McKibbin says most of the 50 suburbs across Sydney that will be hardest-hit by the reforms are in Labor-held electorates. The median values of rental properties in some of these suburbs have fallen sharply in the last year, and the REISW warns that Labor’s reforms could result in a further decline.

CORPORATES
THE REAL ESTATE INSTITUTE OF NEW SOUTH WALES, AUSTRALIAN LABOR PARTY, HERRON TODD WHITE AUSTRALIA PTY LTD

Airbnb popularity with landlords puts squeeze on rental market

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Original article by Misa Han
The Australian Financial Review – Page: 3 : 28-Nov-16

The number of homes in Sydney’s central and eastern suburbs that are listed as short-stay accommodation on Airbnb now significantly exceeds the number of residential properties that are available to rent. Data from the University of Sydney’s Urban Housing Lab also shows that property owners can earn significantly more each month by letting their homes via Airbnb rather than seeking longer-term rental tenants.

CORPORATES
AIRBNB AUSTRALIA PTY LTD, UNIVERSITY OF SYDNEY, HEYTOM

Plea for NSW tenancy laws to embrace email

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Original article by Michael Bleby
The Australian Financial Review – Page: 39 : 2-Feb-16

The New South Wales’ Residential Tenancies Act 2010 should be amended to reflect the growing popularity of electronic conveyancing. The state’s Real Estate Institute CEO Tim McKibbin says new forms of communication, such as electronic mail and text messages, are ubiquitous and this fact should be recognised by legislators. The institute expressed its views on this matter in a submission to the state’s residential tenancy laws review.

CORPORATES
THE REAL ESTATE INSTITUTE OF NEW SOUTH WALES