Staff Reporter The Housing Industry Association has handed a new report to the government in a bid to improve Australia’s housing situation. The report, which was undertaken by the Centre for International Economics, found the residential building...
Staff Reporter Australia’s undersupply issue can be largely attributed to poor government decisions regarding tax, the Housing Industry Association has claimed. Independent research commissioned by the HIA from the Centre for International Economics...
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 federal government has confirmed it will overhaul the tax system and bring in more initiatives to shake up the status quo in the housing market and enable young home buyers to purchase property. The federal Treasurer Jim Chalmers MP has handed down...
Staff Reporter State and territory governments must reform stamp duty if housing affordability is to be addressed, the Real Estate Institute of Australia (REIA) has claimed. “Stamp duty has long been identified as the most inefficient of all state...
The government has agreed to prohibit new SMSF residential borrowing after striking a deal with the Greens to pass its tax overhaul. The Albanese government has clinched a deal with the Greens to ban new limited recourse borrowing arrangements for...
Green shoots have emerged in the Australian housing market after a prolonged period of subdued activity. Charbel Kadib explores further. Over the past few years, mortgage industry professionals have borne the brunt of a prolonged downturn in the...
Angus Taylor MP, the former shadow treasurer, is in the running to lead the Liberal Party, citing a wish to find “real ideas” to fix housing, among other issues. The recently re-elected member for Hume, Angus Taylor MP, and member for Farrer, Sussan...
Mortgage Choice CEO John Flavell has labelled the changes to negative gearing proposed both by the federal government and the Labor Party as “fundamentally flawed”. The federal government recently announced it would make some significant changes to the...
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 NSW government’s initiative to allow first home buyers to choose between stamp duty or an annual property tax ends this Friday. NSW’s First Home Buyer Choice (FHBC), an initiative that enables first home buyers purchasing a property up to $1.5...
Concerns have been raised that new demand-side housing initiatives for first home buyers may only increase house prices further. On Sunday (13 April), the two main political parties unveiled new housing policies to help more first home buyers enter the...
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...
The latest building approvals data has shown a stark annual drop, falling to almost 12-year lows. Figures released by the Australian Bureau of Statistics (ABS) for June have revealed a drop of 6.5 per cent in the total number of dwellings approved,...
Annual building approvals are up by almost three-quarters, but some industry bodies are urging politicians more reform is needed to fix the housing crisis. Total dwellings approved inched 0.3 per cent lower in February, following a 6.9 per cent rise in...
Commissions on superannuation, retail investment and group life insurance products have already been banned and the remuneration of risk insurance advisers is under scrutiny again. Are mortgage broker commissions the next target asks Mark Woolnough The...
Sweeping tax rate cuts for small and medium-sized businesses are among the proposals in the Productivity Commission’s latest report. The Productivity Commission has recommended that the government make sweeping tax rate cuts for small and medium-sized...
The Coalition would reform prudential settings, including by adjusting serviceability requirements and expanding business lending, if it were to gain power this year. Shadow treasurer Angus Taylor MP and shadow assistant treasurer and shadow minister...
The Coalition has pledged to clear residential development backlogs within 12 months and finalise existing residential development environmental approval applications. The Liberal Party of Australia has said it will unblock the pipeline of residential...
Type:
Article
Author:
Annie Kane
Category:
Borrower
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