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Clearance rates are holding up in Sydney and Melbourne.
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ATO investigating more residential properties owned by foreign buyers.
ALP considers the idea of a minimum tax rate of 35 cents the dollar for anybody earning over $300,000.
We need to modernise our taxation system, says Treasurer, echoing the sentiments of the property industry.
PM says he still has a mortgage and has felt mortgage stress.
Treasurer Joe Hockey mocked for telling first home buyers to "get a good job that pays good money."
Treasurer urges foreign investors who have illegally purchased residential property to come forward before December.
“My personal view was it was vote getting, and they were out there to try and get those because of this undertone that we’re selling our country off to the Asian marketplace which is absolutely incorrect."
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