The housing construction boom, which has propped up the national economy since the end of the mining boom, is fast approaching its end.
News
First-home buyer super plan to fight housing affordability crisis
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16 May 2017
As part of the Federal Government’s Budget housing affordability measures, first-home buyers can now use up to $30,000 of voluntary superannuation contributions to put towards a deposit on their first home.
Negatively geared landlords lose travel perks in Budget
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12 May 2017
The Federal Government is cracking down on negatively geared landlords who claim travel expenses when they inspect their properties.
Home buyers to pay GST on new dwellings to combat ‘phoenixing’
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11 May 2017
A change to GST in the Budget will mean homebuyers will soon have to send the Australian Taxation Office a cheque for GST on new dwellings.
Major banks hit with new Budget levy
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10 May 2017
Australia’s big banks have been hit with a bank levy in today’s Federal Budget that will raise $6.2 billion over four years.
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