Government

A new set of responsible lending guidelines have been released with the goal of clarifying the obligations of lenders.

Some of the biggest movers and shakers in the real estate industry have come out in support of the Government’s calls to release the shackles of tight lending restrictions to get credit flowing again.

The nation’s financial regulator has moved forward with its plans to scrap the 7 per cent floor for mortgage serviceability assessments.

The Federal Government has introduced legislation to Parliament – backdated to July 1 – that cuts back negative gearing concessions on vacant land.

The Australian Prudential Regulation Authority will be reaching for the stick rather than the carrot as it adopts a newer tough approach.

Property tax is set for a crackdown from January 1 next year if Labor wins the upcoming election, which current polls suggest they will.

The Federal Government has back-flipped on implementing the banking royal commission’s recommendation that commissions in the mortgage broking industry be abolished.

The Labor Party are ahead in the polls so there’s a good chance Bill Shortens will become a reality next year.

The Federal Treasurer wants banks to take the foot off their lending clampdown for the benefit of the general public