![\"\"](\"https:\/\/lsre.com.au\/granville\/wp-content\/uploads\/sites\/20\/2022\/05\/Tim_landscape-300x200.jpg\")
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Pictured; Tim McKibbin, Chief Executive Officer, REINSW<\/strong><\/p>\n May 23 2022<\/p>\n \u201cThe concern with this policy it that it adds to the demand side of the equation when in New South Wales, the lack of supply is the major cause of the affordability problem. Pictured; Tim McKibbin, Chief Executive Officer, REINSW Housing policy played a key role in the election and with Labor\u2019s victory, the shared equity proposition for some first home buyers of…<\/p>\n","protected":false},"author":1228,"featured_media":4871,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[17,22,21,20,16],"tags":[],"class_list":["post-4870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying","category-developers","category-investors","category-market-news","category-selling"],"acf":[],"_links":{"self":[{"href":"https:\/\/lsre.com.au\/granville\/wp-json\/wp\/v2\/posts\/4870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lsre.com.au\/granville\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lsre.com.au\/granville\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lsre.com.au\/granville\/wp-json\/wp\/v2\/users\/1228"}],"replies":[{"embeddable":true,"href":"https:\/\/lsre.com.au\/granville\/wp-json\/wp\/v2\/comments?post=4870"}],"version-history":[{"count":5,"href":"https:\/\/lsre.com.au\/granville\/wp-json\/wp\/v2\/posts\/4870\/revisions"}],"predecessor-version":[{"id":4992,"href":"https:\/\/lsre.com.au\/granville\/wp-json\/wp\/v2\/posts\/4870\/revisions\/4992"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lsre.com.au\/granville\/wp-json\/wp\/v2\/media\/4871"}],"wp:attachment":[{"href":"https:\/\/lsre.com.au\/granville\/wp-json\/wp\/v2\/media?parent=4870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lsre.com.au\/granville\/wp-json\/wp\/v2\/categories?post=4870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lsre.com.au\/granville\/wp-json\/wp\/v2\/tags?post=4870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Housing policy played a key role in the election and with Labor\u2019s victory, the shared equity proposition for some first home buyers of the Help to Buy scheme presumably awaits.<\/h2>\n
\n\u201cThe easing in clearance rates we\u2019ve seen leading into the election was somewhat expected and unsurprisingly, transactions slowed down last week as shown by the weekend\u2019s lower auction volumes.
\n\u201cWith the election now behind us, a spike this week is a distinct possibility.
\n\u201cAs bigger issues dominate the housing discussion, in a transactional sense, market activity remains steady.
\n\u201cThe impact of the interest rate rise earlier this month will soon start to be felt and given the Reserve Bank actually considered a steeper increase, it\u2019s not out of the question that another rise might be on the agenda in June.
\n\u201cThe end of the financial year beckons and that\u2019s often a trigger for people to do a stocktake on their finances. Time will tell if it proves a catalyst for more people to list their properties.
\n\u201cGiven the rate of new development in the state and its failure to keep up with demand, the market will rely more heavily on downsizers freeing up larger homes, and there\u2019s certainly an opportunity to incentivise this to a greater extent.
\n\u201cThis week the REINSW Roadshow tour visits Tamworth, where we\u2019ll be talking with locals about the possible solutions to the undersupply.\u201d
\nAll quotes can be attributed to Tim McKibbin, Chief Executive Officer, REINSW.<\/strong>
\nFor additional commentary on these topics and all other matters related to the NSW residential market, contact:
\nTim McKibbin, Chief Executive Officer, REINSW Mobile: 0415 931 013 tmckibbin@reinsw.com.au
\nAbout REINSW
\nThe Real Estate Institute of New South Wales (REINSW) is the peak industry body for real estate agents and property professionals in NSW. It represents more than 2000 agencies across residential sales, property management, commercial, strata management, buyers\u2019 agency, agency services and auctioneering.<\/p>\n","protected":false},"excerpt":{"rendered":"