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...
With NSW expected to announce changes to the “worst tax” next week, calls are rising for other states to follow suit and rethink stamp duty. On Monday (13 June), reports emerged that the NSW state government would be moving to replace stamp duty with a...
An NSW government progress paper on its property tax proposals has included feedback that the annual property tax would need to be considered in determining loan serviceability. In November 2020, the NSW government launched a public consultation as...
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...
The federal Treasurer has confirmed that there will be a ‘tax reform’ package and housing funding in this evening’s budget to help bring online more housing supply. The federal budget for 2026–27 will be handed down this evening (12 May), with the...
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...
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...
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...
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...
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,...
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...
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...
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...
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...
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...
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...
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 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...
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,...
Type:
Article
Author:
Will Paige
Category:
Borrower
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