Today’s trending stories in Australian home ownership and Home Loans.
- Inflated house prices in Sydney will haunt property owners
The typical household already spends roughly 40 per cent of their income on mortgage repayments with some families spending more.
- Canberra property rates, taxes outstrip other states as stamp duty is phased out
In the last week the ABS released new data on the financial and capital contributions collected through rates, property taxes and stamp duty. The growth in the amounts collected (2015/16) quite simply, is outstripping every other state and territory in Australia.
Overall figures include growth of 17.5 per centin property taxes compared to 11.1 per centin Melbourne. Our stamp duty in the same year grew 32.4 per cent, compared to 13.3 per centin Sydney.
- One rule for all
Wayne Leggett explains why it is mortgage brokers, not planners, who have the upper hand in terms of influencing the amount of money they manage.