Search Results for: negative gearing

Budget 2017 charts new social and affordable housing agenda

From The Conversation. Under pressure to tackle deepening housing affordability problems, Treasurer Scott Morrison has included various housing policy measures in his budget, some relating to Australia’s small sector of social and affordable housing. One headline-grabber is the creation of a new entity, the National Housing Finance and Investment Corporation (NHFIC). This will source private … Continue reading “Budget 2017 charts new social and affordable housing agenda”

Household Finance Security Wobbles Again In April

Today we release the latest monthly edition of our household finance confidence index for April 2017, which show a fall from 102.5 to 101.5, just above the neutral setting. The index is drive from the results of our household surveys, and highlights some important movements, mostly related to the recent changes in the property market. … Continue reading “Household Finance Security Wobbles Again In April”

Super saver accounts fail to impress

From The New Daily. The government’s plans to allow first home buyers to salary sacrifice up to $30,000 into superannuation accounts looks set to do little to make houses more affordable. “Under this plan, most first home savers will be able to accelerate their savings by at least 30 per cent,” Treasurer Scott Morrison said … Continue reading “Super saver accounts fail to impress”

Budget 2017: government still [just] tinkering with housing affordability

From The Conversation. It’s unsurprising that in the lead-up to this year’s federal budget there was a lot of discussion about housing affordability as its centrepiece. Over the past 20 years price-to-income and price-to-rent ratios have doubled. Sydney’s price-to-income ratio is over 12, making it the second-least-affordable city in the world. Melbourne is in fourth … Continue reading “Budget 2017: government still [just] tinkering with housing affordability”

The Budget And Housing

The Budget included a range of measures to address housing affordability with both supply and demand measures.  Foreign investors will be hit with charges on vacant property. First time buyers will get tax breaks for saving for a deposit. There are minor tightening of negative gearing relating to travel and equipment, but otherwise remains intact. … Continue reading “The Budget And Housing”

Government out of touch on housing policies ahead of budget: poll

From The Conversation. Australians are concerned about housing affordability, so much so that 45.4% say they would be willing to see the value of their home stop growing to improve the situation, only 31.8% of those polled wouldn’t. An ANU poll shows 51.7% of Australians are also in favour of removing tax concessions like negative … Continue reading “Government out of touch on housing policies ahead of budget: poll”

Budget 2017: Prepare to be disappointed on housing

From The New Daily. Despite all its huff and puff on housing, a senior economist has warned voters the government will disappoint on the one reform almost everyone wants. Professor Richard Holden said it would be a “real shame but no surprise” if Tuesday’s federal budget failed to curb tax perks for property investors. “There … Continue reading “Budget 2017: Prepare to be disappointed on housing”

The crash the RBA fears: it’s not housing and banks, it’s you

From The New Daily. In a landmark speech, Reserve Bank of Australia governor Philip Lowe has outlined his nightmare scenario of a property market crash, as well as his favourite solution to the affordability crisis. The RBA is not overly concerned that a “severe correction in property prices” would trigger a banking collapse, as happened … Continue reading “The crash the RBA fears: it’s not housing and banks, it’s you”

Brokers have their say on IO crackdown

From The Adviser. APRA’s latest curb on interest-only loans aims to reduce risk in the mortgage market, but several leading brokers have told The Adviser that all is not what it seems. When the Australian Prudential Regulation Authority (APRA) announced in March that it expected banks to limit the flow of new interest-only loans to … Continue reading “Brokers have their say on IO crackdown”

Aid for home buyers could be a back-to-the-future flop

From The New Daily. The federal government may be poised to unveil a special savings account and tax breaks for first home buyers in next week’s budget, despite government ministers refusing to confirm leaked reports in the media at the weekend. With the housing affordability crisis close to the top of voter concerns, the federal Treasurer last … Continue reading “Aid for home buyers could be a back-to-the-future flop”