Scheme to allow 40,000 first-home buyers to access cheaper deposits through a shared equity scheme with the federal government - being able to put down a deposit of as little as two per cent - is back before Parliament.
Ongoing debate over housing policy prompted Treasury advice on negative gearing, according to Jim Chalmers, who spoke out after the Prime Minister denied the government had plans to reform the scheme.
Despite reports Treasury was looking at changes to negative gearing, Athony Albanese has hosed down suggestions Labor will take it to the election, amid warnings it could hike up rents.
Reforms to anti-money laundering and counter-terrorism financing laws stopping up to $12 billion in dirty cash from being laundered through property are heading through parliament.
Fewer international students at Australian universities will not solve the housing crisis, according to National Housing Supply and Affordability Council chair Susan Lloyd-Hurwitz.
Asian connections have made Australia a prime target for dirty cash, the regulator warns as the government is chided for failing international standards on countering money laundering and terrorism financing. Drug trafficking and money laundering were being utilised by “large and highly functional” criminal organisations with one even running an…
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