Today’s trending stories in Australian home ownership and Home Loans.
- Shifting tax rules make life tougher for property investors
Shifting tax rules for investment property have made it tougher for those wanting to build wealth in this asset class. In particular, there has been one key change that has largely flown under the radar and may hit property investors hard as it approaches its first full year since implementation.
- Big banks to offer reform plans to royal commission on consumer lending
She noted there were risks tied to the commissions paid to mortgage brokers, volume-based commissions on offer for bank staff and payments for third parties who referred prospective home loan customers to banks. Ms Orr posed questions around the need to tighten credit card standards and the…
- ME reports increased demand from brokers
The home loan portfolio grew by 1.6 times system during the period and total assets hit $27.5 billion, up 5 per cent on the previous corresponding period, said McPhee. ME settled $3.3 billion of home loans for the first six months of the financial year, up four per cent year-on-year, including record high…