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Do it all again: Conveyancers hit as banks reassess investor loans

CONTROVERSIAL federal budget tax changes have compounded problems for conveyancers amid a market downturn, as investor clients have loans reassessed by major banks. Westpac is said to be among the banks that have said they will not honour pre-approved investor loans until they are reassessed, a move sparked by the government’s proposed budget ban on negative gearing for existing properties. AIC NSW president Jennie Tonner said with banks withdrawing pre-approvals issued before the budget, clients were having to apply again, causing flow-on effects for conveyancers. “It just means few

Borrowing capacity has taken a big hit due to interest rate rises

Low-paid workers to receive 4.75 per cent wage rise

‘Likely he’s lying’: treasurer points finger at rival

Approvals drop as the Treasurer allays house price concerns

Monetary data could play a role in Reserve Bank thinking

Businesses are still in the dark about the budget tax carve-outs

Price falls: Is this the end of homes super cycle?

FALLING home prices in Sydney and Melbourne might just have signalled the end of Australia’s 30-year housing super cycle. Dwelling values fell 0.9 per cent in Sydney and

Half of Aussies feel good about retirement

DESPITE some progress and a world-class superannuation system, retirement remains a source of financial anxiety for many Australians, according to a new report highlighting the value of fin

RBA finds investors are older, wealthier

A NEW Reserve Bank research paper has determined Australia has a large number of housing investors and many of them are over the age of 60. The report has found that there is a large coh

SA to house ‘first ever, first home buyer’ area

THE first bricks are set to be laid in a neighbourhood built entirely for first home buyers. The Australia-first initiative will see 400 new homes allocated to a pocket in Adelaide̵