Now is the time to give back to first home buyers and make selling more attractive to older Australians who are sitting on the family home because of stamp duty bracket creep.
The major drivers of the housing bubble were low interest rates and easy access to finance, but the evidence of a housing bubble in the rest of Australia was not strong, says Treasury Head.
The number of Sydney and Melbourne investors snapping up houses in Brisbane’s northern suburbs has tripled in 2015, according to Kim McHardy, Principal of Raine & Horne Chermside.
Applying tighter credit policies across 100% of the market in attempt to address a concern in 20% of the market is akin to a doctor prescribing antibiotics to an entire classroom because one kid has a chest infection.
