Independent MP Allegra Spender says 20 years of policy inaction have left Australia with poor housing and tax systems,but sees a way to fixing them.
Both the IMF and Deloitte Access Economics are warning the new economic year is unlikely to be much better than the current one.
Premier Jacinta Allan wants to upend the housing market by fast-tracking high-rise apartment buildings across the suburbs and slashing stamp duty for off-the-plan apartments,units and townhouses – but will it work?
Developers have welcomed the Allan government’s stamp duty concession but say Melbourne apartment values must rise or projects will remain financially unviable.
Buyers of off-the-plan developments will save tens of thousands of dollars in stamp duty concessions in a 12-month plan to encourage denser developments across the suburbs.
The property industry says Melbourne’s existing stock of housing is being underutilised. Encouraging “empty nesters” to sell could be part of the solution.
Thousands of NSW residents are taking advantage of the state government’s help to get a foot on the property ladder – and one area is benefiting most.
Some 10,000 buyers are expected to save up to $17,000 under Labor’s latest pre-election budget sweetener.
Ahead of his anniversary as premier,WAtoday grilled Roger Cook on some of the more uncomfortable issues facing the government he’ll take to the next election.
While building more homes is a part of the solution,experts say there are other measures that could bring property prices down.
And a new report says Brisbane home buyers would spend almost a decade paying down the taxes on a 30-year,$730,000 mortgage on a house and land package.