A Federal Government program offering cash grants for housing construction projects has been extended, but at a lower amount. Prime Minister Scott Morrison said the extension was expected to lead to another 15,000 construction projects, bringing the total anticipated renovations or builds under the program to 42,000. “It’s critical we keep the momentum up for …
Self-managed superannuation funds have disregarded the pandemic crisis and ploughed back into property using borrowed money, according to the latest figures from the ATO. In 2020, SMSF owners’ Australian residential property holdings increased 7.5 per cent, to $39.1 billion, on the back of an 8.8 per cent jump in their total non-recourse borrowings to $50.23 …
Self-managed super funds are sinking big money into residential property Read More »
A new property report by Domain has highlighted the best performing school catchment zones in Australia, with areas in Brisbane dominating the list. The Bald Hills State School had the best performing catchment in Queensland, coming in at number three on the list. Wynnum West State School came in fifth, followed by Rainworth State School …
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The New South Wales government has proposed a shift away from stamp duty in favour of an annual property tax as part of plans to create a more modern tax system. The plans announced in the 2020-21 NSW budget propose a model that gives buyers the choice of paying either stamp duty and land tax …
ANZ economists have significantly revised house price forecasts from a bearish 10 per cent decline to a 9 per cent lift in 2021. The counterweight of low rates and government stimulus has flowed through to housing construction, approvals and sentiment, economists Adelaide Timbrell and Felicity Emmett said. The peak-to-trough decline will be limited to 2 …
House prices are set to bottom out by June after a 2.3 per cent fall before bouncing 15 per cent, according to Westpac’s economics team, who believe low mortgage rates and a less severe recession than feared will stabilise the market before a solid recovery. After previously expecting a 10 per cent slump in national …
