As read in Mortgagebusiness online – A senior economist has called for state governments to remove “inefficient” stamp duty taxes in order to ease housing affordability issues. Speaking to Mortgage Business, Housing Industry Association (HIA) senior economist Geordan Murray said he believes that state governments should remove stamp duty, adding that first home buyers (FHBs) […]
As read in the Aust Broker Online -Discarding negative gearing would boost the average home ownership rate to 72.2% from the current 66.7%, a study found. The majority of Australian households will gain from the removal of negative gearing, with the overall welfare of the economy estimated to improve by 1.5%, results of the study […]
As read in The Adviser online -The chairman of the Australian Competition and Consumer Commission has revealed that there will be some “surprises” in the upcoming draft report into how the banks price residential mortgage products. The inquiry into how the major banks price their mortgage is the first undertaking of the ACCC’s new Financial […]
