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‘Severely Unaffordable!’ Sydney’s Housing Nightmare Laid-bare in New Survey

Posted: January 26th, 2017 | Author: | Filed under: Australian Home Prices, Renovate or Die | Tags: , , , , | Comments Off on ‘Severely Unaffordable!’ Sydney’s Housing Nightmare Laid-bare in New Survey

Sydney's Housing Nightmare Laid-bare in New Survey

Sydney’s housing is rated less affordable than global metropolises New York and London in a report that paints a dire picture for the city’s middle-income earners :: Read the full article »»»»


Australia Institute Says Changes to Capital-gains Tax Would Deliver $12 billion in Budget Savings

Posted: January 11th, 2016 | Author: | Filed under: Australian Home Prices | Tags: , , | Comments Off on Australia Institute Says Changes to Capital-gains Tax Would Deliver $12 billion in Budget Savings

Think tank urges changes to capital gains tax: could deliver $12 billion in budget savings The Australia Institute has called for changes to capital gains tax, claiming exemptions are costing the Federal Budget $48 billion. It’s recommended removing exemptions for the family home if it’s valued more than $2 million.

The think-tank has proposed changes to capital gains tax, claiming it would save the Federal Budget $12 billion. Under the proposal, the family home would no longer be exempt from the tax if it’s valued more than $2 million.

However, the housing industry has downplayed the idea, claiming it could put pressure on the property market :: Read the full article »»»»


Investor Home Loans Tighten

Posted: May 20th, 2015 | Author: | Filed under: Australian Home Prices | Tags: , , , , , | Comments Off on Investor Home Loans Tighten

Investor home loans tighten as regulator APRA clamps downLending for investment properties appears to have suddenly tightened, as the banking regulator’s efforts to rein in the sector appear to be succeeding.

Mortgage brokers are reporting credit conditions in Australian housing lending market have become a lot tougher in the past two weeks according to CLSA’s leading bank analyst Brian Johnson.

Mr Johnson said recent discussions with broking contacts pointed to banks cutting discounts on investment loans and demanding tougher scrutiny on borrowers’ ability to repay their debts.

The crackdown comes only days after data was released showing mortgages had soared to a new record high of $31.3 billion in March.

Lending to property investors is now growing at 21 percent year-on-year, more than double the so-called speed limit of 10 per cent identified by the Australian Prudential Regulation Authority – APRA – earlier this year.

Anecdotal evidence is that NAB, Commonwealth and Westpac investor loans will no longer offer additional discounts over and above the published ‘package discount’ rate :: Read the full article »»»»


Mining Town House Passed in at Auction in Million Dollar Dive, sign of the times?

Posted: February 10th, 2015 | Author: | Filed under: Australian Home Prices | Tags: , , , , | Comments Off on Mining Town House Passed in at Auction in Million Dollar Dive, sign of the times?

Mining Town House Passed in at Auction in Million Dollar Dive, sign of the times
A house in the Western Australian mining town of Port Hedland has been passed in at auction for $360,000 after it was bought four years ago for $1.3 million.

The three-bedroom, one-bathroom fibro and iron house was built in the 1960s :: Read the full article »»»»


Housing Investors Spearhead Strongest Credit Growth Since GFC

Posted: February 2nd, 2015 | Author: | Filed under: Australian Home Prices | Tags: , , , , , | Comments Off on Housing Investors Spearhead Strongest Credit Growth Since GFC

Housing Investors Spearhead Strongest Credit Growth Since GFC via ABC
Housing credit again led the growth, rising 7.1 per cent over 2014, including a 0.6 per cent increase in the month of December.

That sector was led by investor credit, which jumped 10.1 per cent over the past year, including a 0.9 per cent rise in December :: Read the full article »»»»