REIA parasite demands more first home buyer subsidies

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By Leith van Onselen

The Real Estate Institute of Australia (REIA) has demanded an increase in first home buyer (FHB) subsidies in its pre-Budget submission to the Turnbull Government. From The Australian:

First home buyers should be able to receive the same level of government assistance across states and territories, and regardless of whether the property is new or established, according to the Real Estate Institute of Australia…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.