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Federal Labor recently announced its plan to establish a new rental policy if elected, but the Real Estate Institute of Western Australia (REIWA) said the proposal conflicted with the party’s standpoint on negative gearing. On top of this, the move is not likely to contribute to the improvement of home affordability, REIWA said.
2018 will go down as the year of the biggest downturns in our property markets for many years.
Victoria and Tasmania dominated the list of regions that recorded the largest value growths, while New South Wales (NSW) recorded the most value declines over the past year.
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