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 brands from the week ending 22 May. To compile this list, not only do we consider the week’s most-read stories and the news that matter most to you, but we also...
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...
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 5 July. To compile this list, not only do we consider the week’s most-read stories and the news that matter most to you, but we also...
A national manager for the FBAA has outlined why commercial brokers should be informed about Victoria’s stamp duty reforms. On 1 July 2024, stamp duty for commercial properties in Victoria will be replaced with an annual property tax. As part of the...
The Property Council of Australia says scrapping negative gearing is an ill-conceived policy that would hurt poorer Australians. The lobbyist's chief executive Ken Morrison has criticised a proposal by The Greens, who want to remove negative gearing...
The NSW government’s initiative to allow first home buyers to choose between stamp duty or an annual property tax ends this Friday. NSW’s First Home Buyer Choice (FHBC), an initiative that enables first home buyers purchasing a property up to $1.5...
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 state government’s move to abolish stamp duty on certain properties could spark more commercial property purchases, a finance broker has said. As part of the Victorian state budget announcement on Tuesday (23 May), the state will abolish stamp duty...
Business confidence in NSW has returned to the “low levels last seen during COVID lockdowns”, according to the state’s peak business organisation. The survey, which included 1,118 businesses, showed the Business Confidence Index fell to -68.6 (from...
The Financial Services Minister and Assistant Treasurer has announced that he will step down from his role at the next election. Stephen Jones MP, Assistant Treasurer, Minister for Financial Services, and member for Whitlam, has revealed that he won’t...
Commissions on superannuation, retail investment and group life insurance products have already been banned and the remuneration of risk insurance advisers is under scrutiny again. Are mortgage broker commissions the next target asks Mark Woolnough The...
Labor and the Liberals have been urged to put property reform “at the top of the political agenda” if they win the upcoming Queensland state election. The Real Estate Institute of Queensland said the next government should abolish stamp duty, extend...
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...
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 26 May. Welcome back to The Adviser’s weekly round-up of headline stories and news that are important not only for the real estate sector...
A new white paper has warned that popular first home buyer grants are driving up prices and debt, even as they help more Australians into ownership. Real estate network PRD’s report, First Home Buyer Assistance in Australia, has found that the nation’s...
Demands for negative gearing reform have recently come from an unlikely source – a mortgage lender. HomeStart Finance, a first home buyer specialist owned by the South Australian government, has responded to the release of last week’s tax discussion...
The weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending 9 September. Welcome to The Adviser’s weekly round-up of the headline stories and news that are important not only for the mortgages...
The latest building approvals data has shown a stark annual drop, falling to almost 12-year lows. Figures released by the Australian Bureau of Statistics (ABS) for June have revealed a drop of 6.5 per cent in the total number of dwellings approved,...
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 25 November. Welcome to The Adviser’s weekly round-up of headline stories and news that are important not only for the mortgages sector...
Type:
Article
Author:
Adrian Suljanovic
Category:
Borrower
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