Local councils will be handing over the management of Victoria’s riskiest apartment buildings with combustible cladding to the State Government.
The big banks have got some work to do earning the confidence and trust back from Australians if a new survey is anything to go by.
Melbourne property prices are the fastest falling in Australian capital cities – sliding 3.9 per cent in the last three months.
The nation’s biggest bank is throwing out a sweetener to try to attract first-time home buyers and existing borrowers looking to refinance.
The property market in Sydney had a dark weekend, with auction clearance rates dropping to a new low of around 30 per cent.
Housing experts say the property market should remain soft for at least two more years – and it’s banks that hold the key.
First home buyers are enthusiastically tapping into their superannuation thanks to a Federal Government scheme.
The Federal Government is set to bring in targeted changes to legislation designed to hit expat Australians’ capital gains tax exemption for family homes.
A report earlier this year by the Australian Housing and Urban Research Institute (AHURI) says $1.7 billion could be saved if negative gearing tax laws were changed.
Interest rates have been left on hold again – sitting at their record low of 1.5 per cent for the 26thmonth in a row.
