Reserve Bank governor Philip Lowe has expressed support for the removal of stamp duty, which he has described as a “tax on mobility”. On Friday (14 August), Philip Lowe, governor of the Reserve Bank of Australia, told the House of Representatives...
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...
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...
Possible changes to tax and planning approvals look set to be among the key talking points at the government’s Economic Reform Roundtable next week. Prime Minister Anthony Albanese has hinted that regulatory changes would boost planning approvals and...
Almost 70 per cent of first home buyers have been forced to suspend their home ownership plans after tapping into their deposit savings in the wake of the COVID-19 crisis, according to new research. A new study from Gateway Bank – which involved a...
The NSW and Queensland 2026–27 state budgets have unveiled new housing measures, including tax breaks, guarantees, and infrastructure spending. The NSW and Queensland governments have detailed their 2026–27 housing packages, rolling out a mix of...
The NSW government has unveiled a range of budgetary measures to ease housing pressures, including broader land tax concessions for build-to-rent developments and ‘pre-sale’ finance guarantees. NSW Treasurer Daniel Mookhey has announced a range of...
The state will trial helping certain key workers, single parents and older singles buy homes in a new $780.4 million program. The NSW government is set to roll out a trial shared equity scheme, where it will contribute a share up to 40 per cent for a...
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...
The NSW government’s plan to replace stamp duty with an annual property tax could result in purchaser uncertainty, pricing distortion and policy failure if buyers refuse to opt in, say the top accounting bodies. NSW Treasurer Dominic Perrottet is...
First home buyers in NSW will be able to choose between an upfront payment or a smaller annual property tax from next year under First Home Buyer Choice reforms. NSW Premier Dominic Perrottet has confirmed that the state will be giving borrowers the...
The NSW government will build thousands of new homes on surplus government land to tackle housing supply, the 2024–25 budget for NSW has revealed. The Minns Labor government handed down the NSW budget for 2024-25 yesterday (18 June) and revealed that...
Staff Reporter In a positive sign for the economy, new home sales bounced back in March. According to the Housing Industry Association’s (HIA's) new home sales report, total seasonally-adjusted new home sales increased by 4.2 per cent in March 2013,...
The housing tax reforms on negative gearing and capital gains tax have officially passed both houses of Parliament. On Thursday (25 June), the Treasury Laws Amendment (Tax Reform No. 1) Bill 2026 officially passed both houses of Parliament. The Greens...
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...
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...
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...
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...
Queensland’s Miles government will review property taxes and charges if it wins the state election, according to the Deputy Premier. Cameron Dick, the Deputy Premier, Treasurer, and Minister for Trade and Investment of the Queensland state government,...
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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