With NSW expected to announce changes to the “worst tax” next week, calls are rising for other states to follow suit and rethink stamp duty. On Monday (13 June), reports emerged that the NSW state government would be moving to replace stamp duty with a...
NSW Premier Dominic Perrottet has insisted he will continue to chip away at stamp duty, despite the state Treasurer seeming non-committal. The remarks came during a budget estimates hearing on Thursday (4 November), which lasted three hours, during...
Reforming stamp duty, increasing housing supply and further extending home-buyer assistance would help housing affordability, according to REA Group. In a submission to the House of Representatives standing committee on tax and revenue’s inquiry into...
An NSW government progress paper on its property tax proposals has included feedback that the annual property tax would need to be considered in determining loan serviceability. In November 2020, the NSW government launched a public consultation as...
The NSW government’s plan to replace stamp duty with an annual property tax could result in purchaser uncertainty, pricing distortion and policy failure if buyers refuse to opt in, say the top accounting bodies. NSW Treasurer Dominic Perrottet is...
Anyone who was hoping for a quiet, uneventful 2020 following the aftermath of the release of the banking royal commission final report would have been disappointed. The year has thrown everything in its power at brokers, the financial services industry...
The RBA governor has doubled down on his support to remove stamp duty following budget announcements by NSW and Victoria relating to the tax. Appearing before the House of Representatives standing committee on economics yesterday (2 December), the...
Almost 70 per cent of first home buyers have been forced to suspend their home ownership plans after tapping into their deposit savings in the wake of the COVID-19 crisis, according to new research. A new study from Gateway Bank – which involved a...
The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ending 21 August. Welcome to The Adviser’s weekly round-up of the stories that are getting big reads across Momentum Media’s property titles: The...
Reserve Bank governor Philip Lowe has expressed support for the removal of stamp duty, which he has described as a “tax on mobility”. On Friday (14 August), Philip Lowe, governor of the Reserve Bank of Australia, told the House of Representatives...
The Reserve Bank of Australia has announced its decision to leave the official cash rate unchanged at 0.25 per cent this month, as the industry muses on what the future holds for interest rates. Mortgage Choice CEO Susan Mitchell noted that the...
Green shoots have emerged in the Australian housing market after a prolonged period of subdued activity. Charbel Kadib explores further. Over the past few years, mortgage industry professionals have borne the brunt of a prolonged downturn in the...
Non-bank lending has been making a strong comeback in 2018, with credit supplied by banks slowing as a result of tighter serviceability requirements and macro-prudential measures. Annie Kane investigates. The year 2018 was a tumultuous one for the...
Broking institutions should be “separately owned” from the institutions that “originate the products they sell” and should be “individually licensed” to improve accountability, the Australian Greens party has told the financial services royal...
A real estate group has called for stamp duty reform, accusing the NSW government of ignoring the damage caused by stamp duty premiums. The president of the Real Estate Institute of NSW (REINSW), Leanne Pilkington, has urged the state government to...
Figures from the property industry have argued that taxing investors is not the answer to Australia’s housing affordability issues. Detailed in the December quarter 2017 edition of the Adelaide Bank/REIA Housing Affordability Report, compared to the...
A second property organisation has come to the defence of investors in the wake of the industry’s debate on housing affordability, and has outlined two strategies to tackle the issue. The Property Council of Australia said in a statement that while...
New figures from ME show an overwhelming number of Australians, including property investors, support government intervention in housing affordability. The survey of 1,500 households, conducted in December 2015, revealed that 76 per cent want the...
The current property tax structure is costing jobs, negatively affecting the property market and hurting progress, but reform won’t be as simple as it seems, according to a prominent lobby group. The Turnbull government recently highlighted stamp duty...
A prominent industry economist has urged the federal government to show more leadership on housing supply and policy reform, or risk a downturn in Australia’s economy. Harley Dale, chief economist at the Housing Industry Association (HIA), says a...
Type:
Article
Author:
Huntley Mitchell
Category:
Lender
Results 81 - 100 of 125
You need to be a member to search The Adviser
To search The Adviser, please log in.
Create free account to get unlimited news articles and more!