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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.
Calls for greater security for renters
Just as consumer advocate group Choice showed Australian renters lack adequate security of tenure and face poor-quality amenities, data from the RBA shows renters are forced to move more often than home owners.
Tasmanian real estate on a high
Tasmanian real estate sales were at a seven-year high at the end of 2016, according to the The Real Estate Institute of Tasmania's December Quarterly Report.
Featured Property
'The Ridge' in Bowral for sale
Occupying almost three acres on an elevated position in Old Bowral, this property is for sale by Sarah Wotton of Highlands Property.
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."
Berejiklian appoints former RBA-head Glenn Stevens to tackle housing affordability
Premier Gladys Berejiklian has appointed former Reserve Bank head Glenn Stevens to lead a review of housing affordability in New South Wales.
Key amendments to ABCC bill passed
Employment Minister, Senator Michaelia Cash, says the amendments mean the ABCC is now “back and restored in full".
Featured Property
Toorak riverfront home for sale
Set on almost 1,800 square metres, this house fronts onto the Yarra River and is for sale by Justin Long and Nicholas Brooks of Marshall White.
CBA tightens reins further on home lending
The Commonwealth Bank has announced it will lift rates on its interest-only home loans.
Berejiklian cancels regional council mergers
New NSW premier Gladys Berejiklian has ditched plans to amalgamate regional councils, but will proceed with Sydney mergers.
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