The Coalition has pledged to clear residential development backlogs within 12 months and finalise existing residential development environmental approval applications. The Liberal Party of Australia has said it will unblock the pipeline of residential...
The Coalition would reform prudential settings, including by adjusting serviceability requirements and expanding business lending, if it were to gain power this year. Shadow treasurer Angus Taylor MP and shadow assistant treasurer and shadow minister...
Housing will be one of the big issues on voters’ minds in the run-up to the next federal election, according to new Mortgage Choice research. The latest Mortgage Choice Home Loan Report has revealed that housing will be a key election issue for voters...
The global lender has urged a rethink of the federal government’s flagship deposit guarantee program, while making numerous recommendations on tax reform and housing supply. The International Monetary Fund (IMF) has cautioned that the federal...
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...
Staff Reporter In a positive sign for the economy, new home sales bounced back in March. According to the Housing Industry Association’s (HIA's) new home sales report, total seasonally-adjusted new home sales increased by 4.2 per cent in March 2013,...
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...
The Housing Industry Association (HIA) convenes today at its annual Building Better Cities Summit, where this year’s theme is about reforming the tax system. HIA spokesman Greg Weller said tax reform is the biggest economic issue on the national...
Sweeping tax rate cuts for small and medium-sized businesses are among the proposals in the Productivity Commission’s latest report. The Productivity Commission has recommended that the government make sweeping tax rate cuts for small and medium-sized...
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...
“Proactively” bring NSW stamp duty changes to clients’ attention but no tax advice, the MFAA has reminded. The Mortgage and Finance Association of Australia (MFAA) has endorsed the NSW and the Perrottet government’s “historic” legislation in parliament...
Concerns have been raised that new demand-side housing initiatives for first home buyers may only increase house prices further. On Sunday (13 April), the two main political parties unveiled new housing policies to help more first home buyers enter the...
With Labor committing to repeal the NSW property tax, brokers are busy preparing borrowers for the end of the stamp duty option. NSW’s First Home Buyer Choice, which came into effect on 16 January under former NSW premier Dominic Perrottet’s...
First home buyers in NSW will be able to choose between an upfront payment or a smaller annual property tax from next year under First Home Buyer Choice reforms. NSW Premier Dominic Perrottet has confirmed that the state will be giving borrowers the...
Possible changes to tax and planning approvals look set to be among the key talking points at the government’s Economic Reform Roundtable next week. Prime Minister Anthony Albanese has hinted that regulatory changes would boost planning approvals and...
A program to fast-track qualifications for 6,000 tradies has been unveiled by the Labor Party in its latest pledge to boost housing supply. After both major parties faced criticism that their election pledges relied too heavily on demand-side...
If ever there was a good time to look at changes to stamp duty it would be now, writes CoreLogic RP Data senior researcher Cameron Kusher Given where the property market now stands any changes to stamp duty should be implemented sooner rather than...
The state will trial helping certain key workers, single parents and older singles buy homes in a new $780.4 million program. The NSW government is set to roll out a trial shared equity scheme, where it will contribute a share up to 40 per cent for a...
A new housing pact between Tasmania and the federal government will reshape the state’s growth corridors and tilt new stock to entry‑level buyers. The federal and Tasmanian state government have agreed to a $165 million housing package that will...
Type:
Article
Author:
Charlie Tchetchenian
Category:
Borrower
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