Other lenders fill the gap as big four clamp down on foreign borrowers
Though the big four banks have clamped down on lending to foreign nationals, other lenders have moved to fill the gap, and the share of properties bought by foreign nationals in the Australian market ticked higher at the end of 2016.
Is the government considering changes to capital gains tax for investors, or not?
Last night's report in The Australian Financial Review that the federal government is considering cutting the capital gains tax discount for investors was quashed this morning, when the prime minister said, "We do not support the Labor Party’s plans to increase capital gains tax."
Boiling weather spilled over into a hot auction market on the weekend
Auction clearance rates were well ahead of results for the same time last year, according to CoreLogic, indicating that despite volumes almost doubling from the previous week, buyer demand is still red hot.