The Real Estate Institute of Australia (REIA) is calling on the Federal Government to review the taxes currently paid by home owners. At present, former NSW premier Nick Greiner, former Victorian premier John Brumby and Bruce Carter of Ferrier Hodgson...
Prime Minister Anthony Albanese has confirmed when his housing‑focused tax overhaul will hit Parliament while signalling that carve‑outs could stretch beyond tech start‑ups. Prime Minister Anthony Albanese has said the first bill to implement Labor’s...
The federal government’s tax overhaul will head to a Senate probe as Treasury modelling reveals who benefited most from the regime. Treasurer Jim Chalmers has tabled Labor’s capital gains and negative gearing overhaul to the lower house, with the bill...
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 19 December. 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...
Craig Green, managing partner of Green Mortgage Lawyers, unpacks the post-election lending landscape and what lenders and brokers need to know about new lending rules. The re-elected government has announced a sweeping housing reform agenda – including...
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...
The strong rental market seen in 2022 combined with fewer first home buyers poses opportunities for investor lending this year. With rents rising at a time when property prices are falling, 2023 could bring new opportunities for investors, CoreLogic...
Brokers have drawn up a wishlist for Tony Abbott’s first Budget that includes introducing a first home owner’s grant and reforming the valuation system. Smartline Melbourne broker Jeremy Kruse said a first home owner’s grant would help his clients,...
Australia’s parliament has launched an inquiry into home ownership in a sign that affordability remains a key political issue. The House of Representatives Standing Committee on Economics will examine current rates of home ownership, demand and supply...
The institute’s COO has expressed concerns over the short-term incentives in the federal budget. The Real Estate Institute of Queensland’s (REIQ) COO Dean Milton has said that near-term incentives within the federal budget will keep interest rates “up...
Master Builders Australia has called for the federal government to focus on the building and construction sectors in the upcoming budget. The peak industry association has released its pre-budget submission that highlighted the short and long-term...
The finance peak body has warned that undefined rules and missing elements leave lenders flying blind on investor lending risks. The Australian Finance Industry Association (AFIA) has told a Senate inquiry that the federal government’s capital gains...
House prices are slowing across Australia, the major bank has warned during an economics webinar. NAB’s outgoing chief economist Alan Oster has said that annualised house prices across Australia in the last six months have slowed and a significant...
Mortgage Choice CEO John Flavell has hit out at the lack of industry consultation in the lead-up to the federal parliamentary inquiry into home ownership. Labelling the inquiry as “another case of political grandstanding”, Mr Flavell said that while...
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...
Staff Reporter Secretary of Treasury Martin Parkinson’s comments around stamp duty have been applauded by other industry pundits. Speaking at a conference yesterday, Mr Parkinson called on the government to abolish state-based real estate stamp duties....
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...
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...
Liberal, Labor and Greens parliamentarians have joined forces to call for an end to stamp duty. The final report of the Senate Economics References Committee’s affordable housing inquiry described stamp duty as a “flawed” revenue source. “The committee...
New SMSF applications will be accepted at the non-major bank after the lender U-turned on its decision to cease writing new SMSF residential loans. AMP Bank has written to brokers to outline that, following broker feedback, it has reopened self-managed...
Type:
Article
Author:
Annie Kane
Category:
Lender
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