“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...
The major bank has pushed the government for ‘urgency’ to ensure the correct policy settings are in place to build new homes. Major lender Commonwealth Bank of Australia (CBA) has urged the government to consider policy reforms to address housing...
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...
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...
The ACT government will increase the stamp duty concession threshold, invest in new affordable homes, and change planning laws to support supply. The ACT government has unveiled a range of measures aimed at boosting housing supply and accessibility,...
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...
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...
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...
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 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...
Staff Reporter The outlook for Australian housing is deteriorating, a new report has revealed. According to the latest Housing Industry Association National Outlook, conditions slumped for the housing industry in the final quarter of 2011 and into...
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...
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...
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,...
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...
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...
After Labor secured a landslide election win, the broking industry has outlined what they want to see from the new government. The Australian Labor Party has won the 2025 federal election and looks set to launch a range of policies and initiatives...
Broker associations and aggregators have responded to the NSW Parliament’s review of payroll tax, urging the government to remove ambiguity and exclude brokers from the tax application. Members of the broking industry have told the NSW Parliament that...
Type:
Article
Author:
Annie Kane
Category:
Compliance
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