Category: Government Policy

Follow our Smartline blog for up to date latest Australian finance and property news.

Queensland first home buyers get a boost

Great news for first home buyers in the sunshine state: the First Home Owner’s Grant (FHOG) is being extended to 31 December this year. The Queensland state government initiative was due to expire at the end of June, but it was recently announced that under the 2017-2018 State Budget, funding would be allocated to extend […]

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Can Sydney’s housing affordability be fixed in five steps?

Australia has ranked as one of the least affordable countries in the world for housing again – but solutions are on the way. Demographia’s 2017 report ranked Australia third behind Hong Kong and New Zealand for unaffordable housing, largely driven by price hikes in Sydney and Melbourne. Of course, that’s nothing new. Anyone who’s tried […]

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The news gets better for first home buyers in Victoria

There’s more good news for Victorian first home buyers! The First Home Owner Grant (FHOG) is set to increase from $10,000 to $20,000 for buyers of regional property. Victoria’s state government recently announced the change, which will take effect from 1 July this year. In light of housing affordability discouraging first home buyers nationwide, those in […]

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Is housing set to become more affordable in Victoria?

Stamp duty is being abolished for first home buyers in Victoria as part of changes the Government is making to existing legislation. Stamp duty adds significant costs to property purchases, so this change will reduce the fees that property seekers will be up for. However, it may not necessarily make housing more affordable. The Victorian […]

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What do APRA’s mortgage lending measures mean for property seekers?

The Australian Prudential Regulation Authority (APRA) recently announced that it will be introducing extra measures to improve the quality of mortgage lending in Australia and moderate investor lending. This comes in a response to increased housing affordability nationwide and a surge in investor lending, in conjunction with a fall in owner-occupied loans. What exactly are the measures […]

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Could you use your super to buy your first home?

Housing affordability is one of the hot topics in the lead-up to May’s federal budget. One policy the Australian government is considering involves allowing Aussies to access their superannuation to buy their first home, as The Australian reported on February 22. What’s being proposed and why? The Turnbull government is pushing for a scheme that would enable […]

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Time to axe stamp duty in SA, says Property Council

Scrapping stamp duty in South Australia could have far-reaching benefits for the state’s property industry, including encouraging more people to seek home loan refinancing. The Property Council of Australia explained that a decline in building approvals data throughout the state suggests something needs to be done sooner rather than later. “Stamp duty discourages South Australians […]

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