Search Results for: negative gearing

Housing affordability is worsening, warns ratings agency

From Mortgage Professional Australia. Moody’s report shows regulatory crackdowns and low-interest rates will not protect affordability, putting pressure on Government to take action in the Budget Housing affordability is deteriorating in Australia despite the impact of regulatory crackdowns and low interest rates, a report by international ratings agency Moody investors Service has found. Affordability worsened … Continue reading “Housing affordability is worsening, warns ratings agency”

Bank shares lurk as an unseen danger in a property shakeout

From The New Daily. With property prices at dramatic highs, regulators are getting very nervous about the danger of a shakeout, so they’re trying to chase away investors by making loans harder to get and more expensive. While the dangers of over-exposure to a property slump through unaffordable mortgages and aggressive negative gearing strategies are … Continue reading “Bank shares lurk as an unseen danger in a property shakeout”

More warnings about the Australian housing market

From wsws.org. Australian house prices have continued their unprecedented ascent, with median home values in Sydney this week hitting a record $1.15 million and in Melbourne, $826,000, after rising by 13.1 percent and 7.6 percent respectively in the first three months of the year. The frenzied growth of the east coast market has prompted a … Continue reading “More warnings about the Australian housing market”

Super funds targeted in Shorten’s housing affordability package

From The Conversation. Labor will promise to ban direct borrowing by self-managed superannuation funds, as part of a housing affordability policy released on Friday to pre-empt the government’s package in next month’s budget. This “limited recourse borrowing” – where a creditor has limited claims on the loan if there is a default – has increased … Continue reading “Super funds targeted in Shorten’s housing affordability package”

The battle between banks and the economy

From The New Daily. Day after day we are seeing more signs that the housing-credit bubble is coming to an end, but also that low-income Australians are set to be hit hardest when it does. The latest report, from global accounting giant KPMG, shows that the poorest 20 per cent of Australian households have started … Continue reading “The battle between banks and the economy”

Federal government may cap number of investment properties

From The Real Estate Conversation. The federal government is considering limiting the number of properties investors can buy, as it struggles with ways it can reign in property prices in booming markets only a few weeks out from the May budget. According to an article in The Australian Financial Review, the government is looking at ways it can … Continue reading “Federal government may cap number of investment properties”

A less than super response to housing

From The New Daily. Prime Minister Malcolm Turnbull has reportedly intervened to scotch reports the May budget will include a measure to allow first home buyers to access funds from their superannuation. He may believe that’s the end of the story, but in reality it’s the continuation of a too familiar narrative. This is a government … Continue reading “A less than super response to housing”

ATO data shows inequality is in everything from super to the property market

From The Conversation. The Australian Taxation Office (ATO) has released data for 2014-15 that paints a picture of how much Australians earn and what they claim in tax concessions. We asked our tax experts to tell us what the data says to them. John Daley and Danielle Wood, The Grattan Institute The latest data from … Continue reading “ATO data shows inequality is in everything from super to the property market”

Taxable Income Mapping Australia 2015

Using data from the latest ATO release from 2015, we can map average taxable incomes to post codes. Of course taxable incomes are the residual amounts the tax authorities get their hands on after tax management strategies (such as allowances, expenses, trusts, negative gearing, income sharing and the like) so they do not tell the … Continue reading “Taxable Income Mapping Australia 2015”

Super for housing a ‘dumb’ policy, says Coalition MP

From The New Daily. Nationals MP Andrew Broad says capping negative gearing would be a better approach to tackling housing affordability than allowing Australians to dip into their superannuation. Allowing people to dip into their super would be a “lazy way to address the issue”, the Coalition backbencher told The New Daily. “Dumb policy is dumb … Continue reading “Super for housing a ‘dumb’ policy, says Coalition MP”