Treasurer Jim Chalmers shouldn’t be taken seriously when he claims Labor’s ‘really important reform’ on property taxes will help young people buy their first home.
Administrator Stephen Longley said 350 staff at the company’s head office face immediate dismissal if funding can’t be found to keep the business going, throwing into turmoil 219 housing and apartment projects.
Treasurer Jim Chalmers has backed Treasury’s call that house prices will keep climbing over the next couple of years, even as the downturn deepens and major banks tip further falls.
AARON PATRICK: Allowing new homes to be built is one thing. Changing the tax rules and pushing down prices is another. Mr Albanese is changing the country. Investors are being forced to adapt.
Q+A: Plan to rent out your home when you buy a new place? There’s one capital gains tax problem to consider, especially considering Perth’s still red-hot property market.
House prices are now falling in two Australian cities, with the first monthly decline in three years hitting some of the nation’s strongest performing markets.
Independent Senator David Pocock is warning divorcing couples could still lose the right to negatively gear an investment property until Labor clarifies its amendments.