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...
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 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...
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...
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...
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...
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 26 May. Welcome back to The Adviser’s weekly round-up of headline stories and news that are important not only for the real estate sector...
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...
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...
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...
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...
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...
The strong rental market seen in 2022 combined with fewer first home buyers poses opportunities for investor lending this year. With rents rising at a time when property prices are falling, 2023 could bring new opportunities for investors, CoreLogic...
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 25 November. Welcome to The Adviser’s weekly round-up of headline stories and news that are important not only for the mortgages sector...
“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 weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending 9 September. Welcome to The Adviser’s weekly round-up of the headline stories and news that are important not only for the mortgages...
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...
The weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending 24 June. Welcome to The Adviser’s weekly round-up of the headline stories and news that are important not only for the mortgages sector...
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 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...
Type:
Article
Author:
Sarah Simpkins
Category:
Borrower
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