With tax time upon us, the ATO has announced its focus on rental properties this year. ATO Assistant Commissioner Tim Loh is urging investors to keep proper records as “9 in 10 rental property investors get their tax return wrong”, he said. A record high of 1,753...
The 2023 Federal Budget released this month aims to address some of the property market’s greatest challenges. Among its measures is a new tax break for the build-to-rent sector, increased rent assistance and an additional $2 billion to support affordable housing. In...
After a recent review, the RBA is set to undergo the biggest reform in decades, effective 1 July 2024, with the current board losing its powers to set the cash rate. According to Treasurer Jim Chalmers, the most significant change involves the creation of two boards,...
CoreLogic’s latest figures are showing strong signs of an ending downturn, with some of the most-affected markets, such as Sydney, already starting to recover. Meanwhile, Australian borrowers have received some respite this month, with the RBA deciding to pause rate...
The latest PropTrack data this month shows the market downturn is losing momentum, with the overall national home prices rising by 0.18% in February caused by tight supply and continued buyer demand. However, according to Realestate.com.au Senior Economist Eleanor...
After the RBA’s most aggressive tightening cycle in over 30 years, top experts surveyed by The Australian Financial Review predict only two further rate hikes in 2023 as the RBA pauses to evaluate the effects of the fixed-rate mortgage cliff. According to CoreLogic’s...
