With a new financial year upon us and new state budgets released, several governments have been shifting the way they tax property. In this feature, we review some of the key changes across the states and what brokers think of them Two things in life...
With the government’s economic reform roundtable concluding yesterday, mortgage brokers have outlined what they hope to see to support home buyers. The government’s three-day economic reform roundtable took place in Parliament House in Canberra this...
Staff Reporter The Housing Industry Association has handed a new report to the government in a bid to improve Australia’s housing situation. The report, which was undertaken by the Centre for International Economics, found the residential building...
Staff Reporter State and territory governments must reform stamp duty if housing affordability is to be addressed, the Real Estate Institute of Australia (REIA) has claimed. “Stamp duty has long been identified as the most inefficient of all state...
The Australian Greens have again pledged to scrap ‘unfair tax breaks’ such as negative gearing and CGT discounts if they gain power following the election. The Greens have pledged to end what they call “unfair tax breaks”, such as negative gearing and...
Military personnel may be paying up to $130,000 more on their mortgage because of an uncompetitive federal scheme, a broker has warned, urging government to overhaul the system. The government is being urged to overhaul the federal scheme that provides...
Staff Reporter Australia is staring down the barrel of a housing downturn, a new report has found. According to the Housing Industry Association’s National Outlook report, housing starts are forecast to decline by a further 4 per cent as federal...
Ahead of the government’s roundtable later this month, the industry body has pressed Treasurer Jim Chalmers to make tax reforms. The Mortgage and Finance Association of Australia (MFAA) has called on the federal government to carry out a range of tax...
The NSW and Queensland 2026–27 state budgets have unveiled new housing measures, including tax breaks, guarantees, and infrastructure spending. The NSW and Queensland governments have detailed their 2026–27 housing packages, rolling out a mix of...
The housing tax reforms on negative gearing and capital gains tax have officially passed both houses of Parliament. On Thursday (25 June), the Treasury Laws Amendment (Tax Reform No. 1) Bill 2026 officially passed both houses of Parliament. The Greens...
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...
An inquiry has exposed growing housing hardship as the federal government’s contentious tax shake‑up reaches a pivotal upper‑house test. A Greens‑initiated inquiry into intergenerational housing inequality has heard bleak evidence on rents, prices, and...
Sluggish new house supply has exacerbated affordability problems for prospective home buyers. Housing affordability has deteriorated further with the average number of years required to save for a deposit rising to a near-record high of 10.6 years,...
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...
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...
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...
it to include stories from our sister brands that also have an impact on the Australian property landscape. Government to reform housing tax The federal government has confirmed it will overhaul the tax system and bring in more initiatives to shake up...
Draft changes to the federal government’s tax overhaul have outlined protections for widows, trusts, and new housing. The Albanese government has released Tranche 2 exposure draft legislation for consultation, spelling out how its capital gains tax...
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...
Type:
Article
Author:
Malavika Santhebennur
Category:
Borrower
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