
Victorian Government announces co-ownership property plan
The Victorian Government has moved to try and help property buyers who are struggling to get enough together for a deposit.

The Victorian Government has moved to try and help property buyers who are struggling to get enough together for a deposit.

Stamp duty will be abolished for Victorian first-home buyers who are purchasing a home worth less than $600,000 in an effort to improve housing affordability.

A new tax that will hit owners who leave properties vacant is the latest in a suite of measures the Victorian State Government is introducing to combat housing affordability.

The Fishermans Bend urban renewal project is one of the key reasons Melbourne has been named as one of the top investment spots in the world in a new report.

The Victorian Government will rezone 100,000 housing blocks to create 17 new suburbs in Melbourne to combat housing affordability.

Melbourne was the nation’s strongest performer for industrial property in 2016, recording a 15 per cent increase in property deals for the year.

Borrowing for off-the-plan apartments is getting tougher as lenders crackdown on property valuations for loan approvals.

Two of the country’s big four banks say changes to capital gains tax should at least be considered to help reduce property demand and assist with affordability.

In a further sign of lender crackdown, the Commonwealth Bank has made an out-of-cycle interest rate hike to investor loans.

In efforts to tighten lending, Bankwest has decided it will ignore negative gearing tax benefits for property investors when it calculates loan eligibility serviceability.