More and more people buying real estate across state boundaries…
An increasing number of property investors are buying interstate, potentially because they’re chasing affordability, diversification or stronger returns. PropTrack has reported that, over the course of this year, 23% of all buyer enquiries on realestate.com.au have come from people based in a different state. That compares to 17% in 2022, 15% in 2021 and 11% […]
Here is why the federal government has increased its housing construction target…
The federal government has increased its housing construction target, in a bid to increase supply and improve affordability. Prime Minister Anthony Albanese, after meeting with the National Cabinet recently, announced a new national target to build 1.2 million well‑located new homes over five years, from 1 July 2024. That replaces the original target of 1 […]
Vendors reduce asking prices as property listings rise…
In good news for buyers, there’s been an increase in the number of properties listed for sale, as well as an increase in the total number of properties on the market. SQM Research has reported that the number of new listings (i.e. those less than 30 days’ old) in June was 1.6% higher than the […]
ATO advises use of digital self-help tools to answer tax queries…
ATO advises use of digital self-help tools to answer tax queries… If you’re feeling confused about preparing your tax return, the Australian Taxation Office (ATO) has advised you to seek help from its digital self-help tools. “We get lots of calls from the community about topics that can be easily resolved through our digital self-help […]
Existing HomeBuilder recipients given two-year reprieve…
Existing HomeBuilder recipients given two-year reprieve… The deadline for existing HomeBuilder applicants to submit supporting documentation has been officially extended to 30 June 2025. The deadline was previously set at 30 April 2023, but, in March, the federal government proposed to extend it, subject to the agreement of states and territories – which has now been secured. […]
Consumers warned about tax scams
Consumers have been warned to expect heightened scam activity and new tax scams now that tax season is almost upon us. The Australian Taxation Office (ATO) received about 20,000 scam reports in the first 11 months of the 2022-23 financial year, according to Minister for Financial Services Stephen Jones. Minister Jones said impersonation scams – […]
Govt announces ‘appropriate safegaurds’ coming to BNPL sector…
Govt announces ‘appropriate safegaurds’ coming to BNPL sector… The federal government will change the law so buy-now-pay-later (BNPL) products are regulated as credit products, like home loans. The reason BNPL services are regulated differently is because, technically, they’re not a form of credit, as consumers are not charged interest. However, as Minister for Financial Services […]
