
Federal Labor looks at changes to negative gearing
The Federal Labor Party is looking at turning its attention to negative gearing as an attempt to boost the Budget bottom line.
The Federal Labor Party is looking at turning its attention to negative gearing as an attempt to boost the Budget bottom line.
The RBA has cut official interest rates by 25 basis points to a new record low of 2 per cent.
Melbourne’s property market has just had some fuel thrown onto the fire, with sales expected to spike with interest rates cut to a new record low.
The RBA has left the door open to further rate cuts today after many economists had put them down for a reasonable spell on the sidelines after this week’s rate cut.
Economists are pencilling in an extended period of steady interest rates after last week’s cut sent the official cash rate to a new record low.
Mortgage brokers could be penalised if they profit from breaking the rules around foreign property investment in changes outlined in last night’s Federal Budget.
Housing affordability in Australia is set to remain in focus after comments made from Bill Shorten in his Budget reply speech.
The Reserve Bank is leaving the door well and truly open to another interest rate cut due to fears house prices in some Australian cities will fall without further assistance.
As of today, Bankwest will apply new lending criteria for those seeking investment loans that will require applicants to have a deposit of at least 20 per cent.
The big four banks might have to raise $18 billion of new capital as the Australian Prudential Regulation Authority continues to look at implementing recommendations from the financial system inquiry.