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Byron Bay Record?
REIA calls for govt action on housing affordability
Frank Mlikota, director at Parkinson Real Estate, just sold 41 Kingsley for $2,100,000. ‘The property sits on just approximately 302m2. This equates to more than $6,500 per square metre. That’s got to be a record price for Byron 41 Kingsley Lane, Byron Bay Bay,’ exclaimed Frank.
Why not? Great advice Property Insider comes across a lot of real estate articles across a week, many of them on negotiation. The level of skill in a negotiation is not only the most important thing in determining how much a property sells for but also how satisfied each party is at the outcome.
On the REINSW website there is currently an article by a Sydney-based buyers’ agent, Shelley Horton. Her first point, of three fundamental components that are required for a successful negotiation process, is flexibility. It is important advice, expressed simply and effectively:
‘A buyer needs to listen to what a seller wants and vice versa, and parties need to adopt a “why not?” rather than a “why should I?” mentality.’ The other two fundamental elements are transparency and to focus on the desired outcome.
The Real Estate Institute of Australia (REIA) has prepared its pre-budget submission to the federal government, pointing out that economic circumstances now are not greatly different from what they were when the 2015–16 Budget was delivered: growth is still below trend; unemployment threatens to increase; and business and consumer confidence are still low despite more than a year of record low interest rates. With regard to addressing housing affordability, REIA has asked the government to consider establishing a mechanism to ensure the availability of reliable data on housing demand and supply
in order to formulate appropriate policies and to monitor their effectiveness. It also wants the government to ensure that data on first home buyers are reliable, and that it takes a leadership role in urging all states and territories to take the same approach to the provision of assistance to first home buyers regardless of whether the dwelling is new or established. The government should also establish a scheme to encourage young Australians to have access to their superannuation for the purpose of raising a deposit for a first home, and REIA wants an improvement in the supply of housing for socialhousing tenants transitioning
to private rental by utilising private investment. As part of a package of taxation reform, REIA has asked the Commonwealth government to consider that: • the government take a leadership role in abolishing stamp duties and seek to have an agreed timing across all states and territories • negative gearing be retained in its current form for the purpose of property investment • capital gains tax on property investments is not increased, and • ensure that funding of the Industry Skills Fund is adequate to meet all skills shortages.
mcgrath.com.au North Coast news daily: www.echonetdaily.net.au
The Byron Shire Echo May 3, 2017 29