• 22/02/2024

Category: Regulatory Changes

NSW Government Incentives Empower Developers to Boost Affordable Housing Availability

NSW Government Incentives Empower Developers to Boost Affordable Housing Availability

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…

Time to Wean State Governments and Councils off Property Taxes

Time to Wean State Governments and Councils off Property Taxes

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…

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…

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