The Grattan Institute has released a report saying that a new broad-based property levy could raise $7 billion a year and fund the abolition of stamp duty.
The Reserve Bank of Australia has faced off against the Abbott Government’s support of negative gearing.
The Australian dollar could plunge below US60c in the coming months according to an economist from private bank Deltec.
Melbourne’s median house and unit price has hit a new high in the June quarter.
House prices have grown 3.5 per cent over the June quarter to hit a new record median of $668,030.
The ANZ Bank is lifting its interest rates for residential investment property to move focus away from investors and more onto owner-occupiers.
Pressure to pass on higher capital costs to investment borrowers is likely to see more interest rate hikes by banks, following last week’s movements from ANZ and the Commonwealth Bank.
As banks start lifting rates to tighten their lending to property investors in response to the Australian Prudential Regulation Authority’s crackdown, Westpac has announced changes to its lending to foreign buyers.
If you’re looking for a cheap one-bedder apartment to invest in, the Real Estate Institute of Victoria has released figures to March of the suburbs in Melbourne where you can get one-bedroom apartments for under $300,000.
Raising interest rates for existing property investors is opportunistic and unfair according to the Property Investment Professionals of Australia.
Mortgage holders could be costing themselves thousands by failing to capitalise on ongoing low interest rates and subsequent intense lender competition.
