ATO Puts Spotlight on Property Investors
The Australian Taxation Office (ATO) serves as the main agency responsible for collecting revenue for the Australian Government. It administers Australia’s tax system, ensuring compliance and enforcing tax laws to fund public services and infrastructure. Recently, the ATO has intensified its focus on property investors, especially during the tax season, aiming to enhance compliance and […]
Prices rising in 88.4% of suburbs in Australia…
Australia has hundreds of different property markets, which are often at different points in their cycle, so it’s common for there to be many markets where prices are increasing and many where they’re decreasing. Right now, though, the vast majority are in growth mode. An analysis of 4,625 house and unit markets around the country […]
Stamp duty costs rising, due to ‘bracket creep’
Stamp duty costs rising, due to ‘bracket creep’ New research by the e61 Institute and PropTrack has revealed there’s been a significant increase in relative stamp duty costs in recent decades. Back in the early 1980s, buyers in Sydney, Melbourne, Brisbane and Adelaide needed to do about one month’s work to cover the cost of […]
Investor activity rises, while high-debt borrowing falls…
The latest tranche of home loans data from the banking regulator, APRA, has revealed three interesting shifts in the mortgage market over the past year. First, there’s been a meaningful rise in investor activity during that time. During the December 2022 quarter, 30.2% of new loans were for investment purposes; but in the December 2023 […]
Deposit hurdle gets slightly lower for first home buyers…
First home buyers are able to enter the market a little faster than a year ago, new research has found. At a national level in February, it took 4 years 9 months for a first home buyer to save a 20% deposit on an entry-level house, compared to 4 years 11 months the year before. […]
New home purchases rise 5.3%
Australians purchased 5.3% more new homes in February than the month before, according to the Housing Industry Association (HIA). However, HIA chief economist Tim Reardon said this increase was off a “very low” base. Based on the number of new homes being approved for construction and purchased, he forecast there would be a decade-low amount […]
Should you buy now, or wait for a rate cut?
Many economists believe the Reserve Bank will start cutting interest rates in the final quarter of 2024. So if you’re thinking about entering the market, should you buy now or wait for those potential rate cuts to occur? To answer that question, it can be helpful to consult long-term data. During the decade to January […]
