News

The housing construction boom, which has propped up the national economy since the end of the mining boom, is fast approaching its end.

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.

The Federal Government is cracking down on negatively geared landlords who claim travel expenses when they inspect their properties.

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.

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.