Low rates have allowed many Australians to enter the property market, however borrowers should remember that interest rates will inevitably rise and they should not overreach themselves.
If stamp duties are abolished the forgone revenue will need to be replaced by a higher GST, as advocated by REIA, or by a land tax which was advocated by the Henry Review.
REIACT Chief Executive Officer Ron Bell explains that over 1000 asbestos-affected Canberra homes are now subject to a buy-back scheme by the ACT government that runs until June 30.
