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.
Domain Group has released data showing the Melbourne suburbs with the most properties for sale in March, giving buyers an insight into the areas that have the most choice on offer.
Melbourne’s house prices are set to fall between 2018 and 2020 and then settle into a period of stagnation.
Mr Lowe sent a clear message to governments around the country that the best way to deal with the housing affordability crisis in the country was to increase supply and build more dwellings.
The RBA has now kept rates steady since August last year, amid ongoing deterioration of the unemployment rate around the country.
A significant portion of the country’s top economists thinks capital gains tax concessions for property investors should be scrapped.
In sobering news for off-the-plan investors, new research has revealed more than half of new apartments bought in Melbourne and then re-sold in the last five years have been re-sold at a loss.
