The Foreign Investment Review Board (FIRB) says uncovering and prosecuting illegal residential property buying by foreigners is very difficult and a certain amount slipping through the cracks is inevitable.
News
Older Australians missing out on the benefits of low interest rates
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25 March 2015
Young people that are doing well financially are benefitting most from the sustained period of low interest rates, and it’s largely at the expense of older Australians.
Watchdog launches federal court action against mortgage repayment strategy
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19 March 2015
The Australian Competition and Consumer Commission (ACCC) has launched legal action in the federal court on the mortgage repayment strategy that connects struggling borrowers with investors.
RBA hints strongly at another rate cut
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18 March 2015
In yesterday’s minutes from March’s RBA policy meeting it was clear further cuts to INTEREST RATESimage this year could be on the agenda.
Home renovations all the rage as property market heats up
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13 March 2015
The robust property market and rising prices are seeing more Aussies turn to home renovations.
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