Dumping stamp duty for an annual land tax could make housing 4% cheaper
The Federal Government is being pressed to dump stamp duty in favour of letting buyers choose an annual land tax.
The Federal Government is being pressed to dump stamp duty in favour of letting buyers choose an annual land tax.
The clock is approaching midnight when it comes to borrowers wanting to fix their mortgage rates with the period of ultra-low long-term rates set to come to and sooner rather than later.
Mortgage holders are being tempted to refinance their loans as the RBA keeps rates on hold for another month.
Vendors have either rushed to beat the Thursday lockdown, postponed their sale or moved it online as Melbourne goes into another snap lockdown.
The RBA says it wants to see wages rise before lifting the official cash rate but house prices could rise 10 times as fast as them in 2021 according to some forecasts.
The Federal Government wants to raise awareness and reboot its reverse mortgages scheme that allows retirees to unlock the equity in their homes to help fund their retirement while remaining in their home.
The inner western suburbs of Melbourne are becoming a highly sought-after location for first-home buyers trying to crack into the soaring housing market.
Moves in this year’s federal budget to try and improve housing affordability could end up making things worse according to some experts.
The property price boom around the country is seeing a rise in investor activity.
The RBA has kept the official cash rate at just 0.1 per cent for another month as forecasters continue to suggest that’s where they’ll stay for another year or two.