Today’s trending stories in Australian home ownership and Home Loans.
- Australian expats list their homes to beat looming changes to capital gains tax
It was only by chance that London-based expats Greg Pritchard and My Truong happened upon a random accountancy website alerting them to looming changes to the Australian capital gains tax regime.
It was a lucky find given that 35 years after the CGT exemption was applied to the Australian family home, it is set to be scrapped for non-resident Australians from June 30 if they sell while still overseas.
Further, the Morrison governments new tax bill will apply retrospective…
- Demand for residential land is on the rise: HIA
HIA Economist, Angela Lillicrap said, “the first half of 2019 was particularly rough for the residential building industry, with falling house prices,…
- CommBank slashes fixed home loan rates, but does it miss the mark?
The big bank grew its home loan book by 4% during those six months and now makes up almost a quarter of Australia’s mortgage market!
- Richard Gu moves on from Point Piper as liquidator appointed to AXF Group
The Point Piper estate of dentist and property investor Dr Le Tran is now vacant thanks to this weeks departure of its embattled property tycoon tenant Richard Mingfeng Gu.
But as the three-level residence is prepped for resale, liquidators have been appointed to Gus AXF Group by the Victorian Supreme Court with a pile of debts that includes $12 million owing to the tax man and a bank loan on a luxury boat.
Gu was the off-market buyer at more than $19 million of th…