A new report has called for the associated costs of buying a home to be tax deductible for key workers such as teachers, nurses and paramedics in Sydney and Melbourne.
Despite interest rates being at record lows, the number of Australian households suffering mortgage stress continues to rise, new figures from Digital Finance Analytics reveals.
A new survey has revealed 52% of Australian voters believe housing rents will rise if the Labor Party’s proposed changes to negative gearing and capital gains tax are legislated.
To no surprise, Australia’s central bank has held the cash rate unchanged for the 29th meeting in a row at 1.50%, leaving no clues as to whether this stance will change in the near future.
CoreLogic’s latest home value index results for March 2019 show the national average dwelling value fell by 0.6%, which is actually the smallest month-to-month decline since October 2018.
Labor will introduce its changes to negative gearing and capital gains tax by January 1 next year if it wins the upcoming election in May – but the announcement has sparked backlash from property industry groups.