What’s in the budget for real estate agents?

April 2, 2019

The federal budget has been handed down, and it’s a pre-election blockbuster. REB takes a look at what this means for real estate agents.

 

The Morrison government’s 2019/20 budget delivers a surplus for the first time in over a decade. The big-ticket items likely to affect the Australian real estate industry are lower taxes, relief for small businesses and infrastructure and community investment.

 

In delivering it in Canberra last night, treasurer Josh Frydenberg , said the Government is delivering lower taxes by providing tax relief to low- and middle-income Australians.

 

This includes immediate relief of up to $1,080 for singles, or up to $2,160 for dual income families, and

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