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ISCOVER
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 11 October.
To compile this list, not only do we consider the week’s most-read stories and the news that matter most to you, but we also curate it to include stories from our sister brands that also have an impact on the Australian property landscape.
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Here are the biggest property stories of the week:
Help to Buy scheme reintroduced to Parliament
The Albanese government’s Help to Buy legislation has been reintroduced to Parliament in a second attempt to either try and pass it or trigger a double dissolution.
Increase stamp duty concessions and decrease buffers, FBAA tells Senate inquiry
Stamp duty should be amended, LMI should be waived for FHBs, and buffers should be reduced, the FBAA has told the home ownership inquiry.
Clearance rate nosedives across the capitals
Last week’s preliminary clearance rate marked the lowest indicative level since the week ending 18 December 2022, when a result of 55.8 per cent was recorded.
IMF calls on Canberra to phase out property, super tax breaks
The International Monetary Fund (IMF) has called on the government to make Australia’s tax system “more equitable and efficient” by phasing out CGT and superannuation concessions.
Home completions still far from goal
The nation had hoped to be ramping up home building, but the latest ABS data on completions has caused concern in the industry.
Queensland Premier Steven Miles confirmed at the state’s first election debate that the Labor government will not look to pursue rental caps.
[Related: Hot Property: The biggest property headlines from the week 30 September to 4 October]
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