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...
Modelling for proposals to dial back property tax concessions finds billions could be freed up every year to address the housing crisis. Reforms to CGT and negative gearing could unlock up to $60 billion in funds over the next decade to increase...
In a property market already difficult for first home buyers to access, there’s been much conversation on the potential benefits of replacing stamp duty with an annual land tax. It’s claimed a new annual tax could remove a significant upfront barrier...
Retrospectively terminating negative gearing would not only be inherently unfair to the increasing number of Australians who have included property as a part of their long-term financial strategy. It could have serious implications on Australia’s...
Opting to pay an annual tax rather than stamp duty is “a double-edged sword” and could even raise house prices. Accountants are warning home buyers to weigh up the costs of switching to the NSW government’s alternative land tax regime, with 2,500...
Staff Reporter The Housing Industry Association is calling on the federal government to inject more funds into the construction of residential property. Latest data from the Australian Bureau of Statistics found dwelling commencements fell 7 per cent...
One of the country’s most senior politicians has outlined a number of ways the government could improve housing affordability. Greg Hunt, Australia’s acting minister for cities and the built environment, told the Sydney Business Chamber that...
Tax changes on investors are set to push borrowing away from existing properties and towards new builds and specialist ownership structures, reshaping loan demand. Investor tax reforms in Tuesday’s federal budget are expected to gradually cool demand...
The government is being urged to create a new ministerial position, the Better Regulation Minister, and reduce red tape in order to improve productivity. The Housing Industry Association (HIA) has urged the government to reduce regulatory burdens after...
Angus Taylor MP, the former shadow treasurer, is in the running to lead the Liberal Party, citing a wish to find “real ideas” to fix housing, among other issues. The recently re-elected member for Hume, Angus Taylor MP, and member for Farrer, Sussan...
The Assistant Treasurer has backed the role mortgage brokers play in driving competition, describing the growth of the channel as a “very positive trend”. Assistant Treasurer and Financial Services Minister Dr Daniel Mulino MP has thrown the...
While welcoming the new election promises for first home buyers, the FBAA and MFAA have both called for more to be done. After the Labor Party and Coalition both unveiled new housing measures to increase first home buyer ownership over the weekend, the...
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...
Federal government tax reforms have overtaken interest rates as the single biggest downward pressure on Australian property prices, new industry research from the Australian Property Institute (API) has revealed. According to the API’s Q3 2026...
Annual building approvals are up by almost three-quarters, but some industry bodies are urging politicians more reform is needed to fix the housing crisis. Total dwellings approved inched 0.3 per cent lower in February, following a 6.9 per cent rise in...
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 revamped Coalition has revealed its shadow ministry, with Angus Taylor naming Tim Wilson as shadow treasurer, while Andrew Bragg takes on housing, Pat Conaghan has financial services, and Senator Claire Chandler will spearhead finance. The revamped...
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...
Mortgage Choice CEO John Flavell has labelled the changes to negative gearing proposed both by the federal government and the Labor Party as “fundamentally flawed”. The federal government recently announced it would make some significant changes to the...
The MFAA has said it supports the reforms’ goals but warned that the CGT changes could hurt deposit savers and small brokerages. The Mortgage & Finance Association of Australia (MFAA) has urged the federal government to rethink parts of its capital...
Type:
Article
Author:
Charlie Tchetchenian
Category:
Broker
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