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...
A national manager for the FBAA has outlined why commercial brokers should be informed about Victoria’s stamp duty reforms. On 1 July 2024, stamp duty for commercial properties in Victoria will be replaced with an annual property tax. As part of the...
The state government’s move to abolish stamp duty on certain properties could spark more commercial property purchases, a finance broker has said. As part of the Victorian state budget announcement on Tuesday (23 May), the state will abolish stamp duty...
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...
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...
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...
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...
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...
The Financial Services Minister and Assistant Treasurer has announced that he will step down from his role at the next election. Stephen Jones MP, Assistant Treasurer, Minister for Financial Services, and member for Whitlam, has revealed that he won’t...
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...
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...
The HIA has called for housing policy reforms, including changes to stamp duty, after claiming that taxes on foreign capital were deepening the housing deficit. The Housing Industry Association (HIA) has said that taxing foreign institutional capital...
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...
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...
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...
Business confidence in NSW has returned to the “low levels last seen during COVID lockdowns”, according to the state’s peak business organisation. The survey, which included 1,118 businesses, showed the Business Confidence Index fell to -68.6 (from...
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...
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...
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...
Labor and the Liberals have been urged to put property reform “at the top of the political agenda” if they win the upcoming Queensland state election. The Real Estate Institute of Queensland said the next government should abolish stamp duty, extend...
Type:
Article
Author:
Staff Reporter
Category:
Growth
Results 1 - 20 of 125
You need to be a member to search The Adviser
To search The Adviser, please log in.
Create free account to get unlimited news articles and more!