There are nine changes made in the Treasury portfolio to help with “reducing the pressure on housing affordability” and none of them stand out as particularly remarkable.
Insights
Federal Budget 2017: Retirees given $300,000 incentive to downsize
Retirees holding onto their family homes have been given a $300,000 incentive to sell under a federal budget plan to encourage older property owners to downsize.
Federal Budget 2017: First-home buyers get ‘super’ saver scheme
The federal government is giving first home buyers a hand.
Federal Budget 2017: Foreign home buyers hit by vacancy tax and restrictions
Foreign ownership in new developments will be restricted, there will be steeper charges, less favourable tax treatment and charges on those with empty properties.
Australian suburbs that have undergone the biggest transformations
A house on a half-acre block may still be the Australian dream for some but as suburbs are transformed over time, people’s property requirements are changing with them.
Home buyers need to save more than $500 a month to overcome ‘deposit hurdle’ by 2027
First-home buyers hoping to get on the property ladder by 2020 need to save more than $2500 a month in NSW and Victoria.
‘The sandwich generation’: One in five Australians expect to retire with mortgage debt: REST
A white paper from a superannuation fund shows half anticipating some debt.
Andrew Wilson: Canberra leads capital pack
Canberra has recorded its highest ever house price growth for the March quarter, writes Andrew Wilson.
Developers try to lure first-home buyers ahead of Budget decision on housing affordability
Meanwhile, policymakers are grappling with housing affordability.
Home buyers who could ‘never afford to buy’ get into market one brick at a time
Some are taking a different approach to the Great Australian Dream – and it’s only costing them a fraction of the price.