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Regulation
Strata reports must be better, says AIC boss
NSW president says ‘standardising property reports would help improve buyer outcomes’.
News
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Market
Many holding back from buying their home
New Westpac consumer report says ‘the market has paused as people try to make sense of conflicting signals’.
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Economy
More and more people migrating to country
New report shows ‘appeal of country living remains incredibly strong all year round, even outside the traditional peak moving periods’.
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Economy
There will be a cost to small business with trust tax change
Assistant treasurer says ‘at the heart of this reform are a range of options available to some taxpayers that are not available to most’.
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Economy
Reserve Bank speaks and the nation listens
Attention surrounds speeches by RBA officials this week as some banks predict a a hold on interest rates next month.
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Market
Melbourne auctions take a big hit under new rules
Decline in the national number of houses to auction drive by “sharp reduction” in Victoria in first week of reserve disclosure law.
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Economy
Upping ante with GST a path to fixing Aust debt
Respected think take calls for overhaul of GST as ‘there are no easy paths back to Budget sustainability’.
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Market
Dual funding invests in urgent infrastructure
Deputy premier says ‘by providing funding to get the vital infrastructure in place, the builders can get building’.
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Market
New survey shows construction costs ‘main barrier to home supply’
NAB survey shows ‘weaker price expectations don’t remove the underlying supply challenge’.
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Market
Poor new home sales data shows ‘housing shortage not solved’
HIA says any ‘improvement in home building activity will be short-lived unless market conditions improve’.
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Market
Government misses the mark with new housing bill
Advocacy body says new legislation ‘means investment will go elsewhere and desperately needed homes will not be built’.
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Market
Change will benefit retirement villages
Peak body says ‘capturing retirement villages in these reforms would have been an unforgivable own goal’.
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Economy
Stagnant wages growth to ease RBA’s concerns
CommBank says numbers ‘ease the risk that pure wage inflation will become an additional concern for the RBA’s inflation fight’.
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Economy
New plan to ‘energise’ state’s superannuation schemes
NSW treasurer says ‘this will avoid the need to borrow billions per annum to top up the fund to meet superannuation liabilities’.
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Market
Regional lender plots home-loan return
Bank of Queensland is stepping back into the mortgage market with aggressively priced owner-occupier home loans originated by its digital-only brands.
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Economy
Jobless jump turns down heat on RBA, but not completely
Unemployment has hit a five-year high, but inflation data due out later in October will be the deciding factor for the Reserve Bank’s next rate decision.
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Economy
Jump in jobless takes heat out of rate-rise pressure
Australia’s unemployment rate edged up to 4.7 per cent in September, above market expectations, as almost 40,000 jobs fell out of the economy.
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Economy
Mortgage demand slump deepens despite price drop
The housing sector continues to show signs of strain as mortgage demand and new home loan applications plummet, new data shows.
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Economy
State vows duty shield against trust tax
A state government has weighed into a controversial proposed tax tweak, pledging businesses won’t cop a financial hit from their federal teammates’ move.
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Economy
Unemployment rate climbs to 4.7 per cent in September
Australia’s unemployment rate edged up to 4.7 per cent in September, above market expectations, as almost 40,000 jobs fell out of the economy.
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Market
Regional home prices are holding up
As gloom envelops the property market, homeowners outside of the major cities have at least seen values rise over the past 12 months.