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BREAKING
Big bank spells out major housing construction drought
Westpac is financing 30 per cent fewer home builds and having more mortgage delinquencies, as its bosses plead with the government to boost housing supply.
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Economy
Petrol prices fuelling downturn in household spending
New CommBank data 'petrol spending has continued to be elevated, likely weighing on households’ ability to spend on other goods and services'.
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Property
Serious concerns over housing supply and rental affordability
UDIA calls on government to 'reconsider negative gearing and CGT changes that are discouraging investment in rental property'.
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Property
Victorian Government 'stealing from the plates of homebuyers'
Ahead of state election, advocacy group says 'while the government is incapable of tightening its own belt, it has no problem tightening the screws on everyone else'.
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Property
Who is going to finance homes now?
Advocacy group says 'government must fix its CGT, negative gearing and trust tax changes to support investment in new housing'.
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Economy
Big retail banks criticised for fossil fuel lending
ANZ, Macquarie and Westpac are being accused of providing billions of dollars in financing to coal, oil and gas companies.
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Economy
Tax changes send investors fleeing from home market
The share of home loans taken out by owner-occupiers has climbed steeply since the May budget cracked down on investor tax incentives.
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Economy
Tradie stigma worsening building skills shortage
The peak body representing construction employers has called for greater workplace flexibility to get more women into the sector and ease skills shortages.
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Economy
Regional train boost in key battleground electorates
A state Labor government is announcing a funding boost for regional transport as fresh polling adds to the pressure on the embattled party.
PODCASTS · SETTLEMENT DAY
Settlement Day Ep.9 | Training the Next Generation of Conveyancers
Settlement Day Episode 9 examines the future of conveyancing education and training, from tertiary courses and practical experience to recruitment, working conditions, professional development and the growing impact of AI.
Duration 51:24Watch now
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Economy
Bank bosses face inquiry over AI and offshore job cuts
Australia's big four bank bosses face a two-day parliamentary grilling over thousands of AI and offshore job cuts despite posting multi-billion-dollar profits.
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Property
States paying the price for heavy reliance on stamp duty
Advocacy groups fight for greater focus on the real estate market, saying 'treating property as a political platform is ... causing a lot of harm'.
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Economy
Shock decline in mortgage numbers stirs up the banks
Economists say they 'expect new home lending to keep contracting over the coming year, with investor loans to fall twice as fast as owner-occupiers'.
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Economy
'This is a tax stick up that would make Ned Kelly blush'
Property Council boss rues discretionary trust tax move and says 'at every step, these reforms have been pushed through without proper consideration or consultation with industry'.
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Property
Tax changes spur record fall in investor home loans
Some signs of improvement but 'a recovery in housing market conditions is unlikely until buyers have the confidence and financial capacity to return to the market'.
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Economy
Big bank's profit up despite home loan applications dip
CBA's earnings rise as CEO says 'higher inflation and interest rates continue to place uneven pressure on household incomes and business activity'.
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