• 01/07/2022

Category: Regulatory Changes

Swapping stamp duty for land tax would push down house prices but push up apartment prices, new modelling finds

Swapping stamp duty for land tax would push down house prices but push up apartment prices, new modelling finds

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…

Domain Spotlight Report – New South Wales

Domain Spotlight Report – New South Wales

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…

NSW to introduce ‘shared equity’ scheme to boost home ownership

NSW to introduce ‘shared equity’ scheme to boost home ownership

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…

Buyer beware: The choice between land tax and stamp duty

Buyer beware: The choice between land tax and stamp duty

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…

Council of Financial Regulators closely watching housing market for financial stress

Council of Financial Regulators closely watching housing market for financial stress

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…

Vital Signs: What’s wrong with Australian mortgages? They’re fixed for shareholders, not home owners

Vital Signs: What’s wrong with Australian mortgages? They’re fixed for shareholders, not home owners

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…

Housing supply needs to be more flexible: RBA governor

Housing supply needs to be more flexible: RBA governor

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…

More changes to finance

More changes to finance

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…

DTI limits and buffers in APRA’s arsenal to manage credit risk

DTI limits and buffers in APRA’s arsenal to manage credit risk

Annie Kane| Mortgage Business| 11 November 2021 https://www.mortgagebusiness.com.au/breaking-news/16240-apra-consults-on-new-credit-risk-management-approach?utm_source=MortgageBusiness&utm_campaign=Mortgage%20Business11_11_2021&utm_medium=email&utm_content=1&utm_emailID=8a8e1573aa7aed348b3ce216911220f449b12b769f3b1261337d04577713208e Debt-to-income ratio limits and serviceability buffer changes are to be embedded into APRA’s standard for credit risk management. The Australian Prudential Regulation Authority (APRA) has written to banks asking…

APRA runs through lending control toolkit

APRA runs through lending control toolkit

Sarah Simpkins| Mortgage Business| 12 November 2021 APRA runs through lending control toolkit – Mortgage Business The prudential regulator has outlined the next intervening steps it could take, as housing prices and debt levels continue…

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