Addressing the critical need for affordable housing, the New South Wales (NSW) government has introduced a range of incentives to encourage property developers to allocate at least 15% of new projects for affordable housing. In
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States and councils rely on a variety of taxes to fund their activities and provide public goods and services to its residents. However, the traditional reliance on property taxes, such as land tax and stamp
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Jason Nassios & James Giesecke| The Conversation| 20 June 2022 Swapping stamp duty for land tax would push down house prices but push up apartment prices, new modelling finds (theconversation.com) In Tuesday’s budget, NSW will
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Domain Research| 23 June 2022 Domain Spotlight Report – New South Wales It’s no secret that the NSW property market is the priciest in Australia, and Sydney competes on a global scale as one of
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Phoebe Loomes| New Daily| 19 June 2022 NSW to introduce ‘shared equity’ scheme to boost home ownership (thenewdaily.com.au) Frontline workers and singles over 50 will receive “a leg up” into the NSW property market, with
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Robert Harley| Australian Financial Review| 23 June 2022 https://www.afr.com/property/commercial/buyer-beware-the-choice-between-land-tax-and-stamp-duty-20220622-p5avlt Karl Fitzgerald, the advocacy director at Prosper Australia, is a strong believer in the benefits of replacing property stamp duty with a broad-based land tax. But
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Richard Gluyas| The Australian| 23 June 2022 https://www.theaustralian.com.au/business/financial-services/council-of-financial-regulators-closely-watching-housing-market-for-financial-stress/news-story/f81e7d9ea6c66788424489b8cb80f9bf The Council of Financial Regulators is keeping a close eye on emerging risks in the housing market, amid rising pressure on household budgets from banks passing on
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https://theconversation.com/vital-signs-whats-wrong-with-australian-mortgages-theyre-fixed-for-shareholders-not-home-owners-176234 Richard Holden| The Conversation| 4 February 2022 If you’re paying off a mortgage – or aspiring to – imagine if you didn’t have to worry so much about rising interest rates. That’s already the
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https://www.mortgagebusiness.com.au/breaking-news/16488-housing-supply-needs-to-be-more-flexible-rba-governor Annie Kane| Mortgage Business| 14 February 2022 The supply of “well-located” land needs to be addressed to improve housing affordability, the governor of the Reserve Bank of Australia, Philip Lowe, has said. Speaking to
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A new approach to lending could have a dramatic impact on whether Australians can get a mortgage. A letter sent from the Australian Prudential Regulation Authority (APRA) to the banks shows how it is developing
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