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Economy

Tax ruling change could have ‘adverse’ impact on SMSF borrowing

With a tax ruling in the works to assist taxpayers in understanding the terms “alteration, extension or improvement” of a property, one industry lawyer is lobbying the ATO to be wary of the ...

mortgagebusiness
Rising home loans to blame for declining affordability: REIA

New data has revealed a national decline in housing affordability over the December 2015 quarter.

mortgagebusiness
Borrowers on ‘a collision course’ with banks: report

A study of more than 3,000 potential mortgage customers has found an alarming number of people are opting for bigger loans with smaller deposits.

mortgagebusiness
Negative gearing changes 'blatantly inequitable', says accountant

The chief executive of a national accounting group has offered his insights into the potential impacts of negative gearing changes.

mortgagebusiness
Industry heavyweight calls for relaxed SMSF borrowing rules

The founder of one of Australia’s largest property groups wants SMSF lending rules to be the same as they are for regular purchasers.

mortgagebusiness
Detached houses help lift new home sales

It will be a healthy year ahead for new home sales, according to the Housing Industry Association (HIA).

mortgagebusiness
Major bank will ‘vigorously defend’ ASIC allegations

One of Australia’s largest lenders has rejected allegations regarding bank trading and the bank bill swap rate (BBSW) levelled by the corporate regulator.

mortgagebusiness
Negative gearing changes could see values slide by 6%

A new report has suggested that changes to negative gearing policy could push rents up dramatically, while simultaneously putting a dampener on property values, new building construction and ...

mortgagebusiness
AMP reveals board changes

Financial services company AMP has announced several changes to its board of directors.

mortgagebusiness
ASIC takes major bank to court 

The corporate regulator has begun legal proceedings against a major lender for "unconscionable conduct and market manipulation".

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