
Australia’s housing investment construction boom is drawing to a close
The housing construction boom, which has propped up the national economy since the end of the mining boom, is fast approaching its end.

The housing construction boom, which has propped up the national economy since the end of the mining boom, is fast approaching its end.

The Federal Government is cracking down on negatively geared landlords who claim travel expenses when they inspect their properties.

A change to GST in the Budget will mean homebuyers will soon have to send the Australian Taxation Office a cheque for GST on new dwellings.

Australia’s big banks have been hit with a bank levy in today’s Federal Budget that will raise $6.2 billion over four years.

Analysts from Citi have forecast house prices to fall by up to 7 per cent by 2018 amid lending crackdowns and lowering household debt.

The Victorian State Government released its Budget this week and as expected they have introduced a tax for properties left unoccupied for six months or more.

Multinational firm PricewaterhouseCoopers says letting property purchasers to decide whether to pay stamp duties upfront or land tax in smaller instalments could help with housing affordability and mobility.

It looks as though the Federal Government may offer exemptions from new superannuation limits to retirees who downsize their home.

Across the city, the median price has jumped by 7.6 per cent in the first three months of the year – that’s the strongest quarterly growth since 2013.

Despite fears negative gearing is unfairly advantageous to wealthy investors, the Property Council has released figures showing most investors negatively gearing earn less than $80,000.