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 […]
As read in Aust Broker Online – Housing affordability has improved while first home buyers enter the market in even greater numbers, according to brand new research. The latest Housing Affordability Report released by the Real Estate Institute of Australia (REIA) in partnership with Adelaide Bank has revealed some positive market trends across the country. The proportion […]
As read in the Aust Broker Online -Recommendations for the Australian Competition and Consumer Commission (ACCC) to delve further into interest-only mortgage repricing have been tabled by the House of Representatives Standing Committee on Economics. In its third report on the review of the four major banks released on Thursday (7 December), the committee proposed […]
As read in Aust Broker Online -ASIC’s review of interest-only lending has revealed that borrowers who used brokers were more likely to obtain an interest-only loan compared to those who went directly to a lender. The review, which was announced in April 2017, was a targeted industry surveillance examining whether lenders and mortgage brokers are […]
MortgageBusiness Online As read in MortgageBusiness Online -First home buyers are as active as ever in the Australian housing market, but they are spending more time saving for increasingly higher deposits, new data from Bankwest has revealed. The Bankwest First Time Buyer Report 2017 has revealed that first home buyers (FHBs) purchased almost 95,000 properties in the […]
As read in Australian Broker Online -Though much attention has been directed towards the housing shortage in some of Australia’s largest and fastest-growing cities, a new study from the Australian National University (ANU) says the country actually has a significant oversupply of housing. The Regional Housing Supply and Demand in Australia working paper, prepared by associate professor […]
As read in MortgageBusiness online -The RBA has joined APRA in stressing its indifference towards house prices, despite flagging risks in the property market and making repeated warnings about high levels of household debt. Addressing the Australian Business Economists Annual Conference & Dinner in Sydney on Tuesday night (21 November), Reserve Bank governor Philip Lowe […]
As read in MortgaeBusiness online -The chief investment officer of a Sydney-based wealth management firm believes that a blinkered view of macroeconomic data will “come and bite us” in the coming years. Speaking in Sydney last week, Koda Capital’s chief investment officer, Brigette Leckie, said that Australia will only be able to address its deficit […]
