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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 25 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:
Victoria shakes up stamp duty concessions
Premier Jacinta Allan has announced a new one-year tax concession for new apartments, units and townhouses which will not be subject to any threshold, and will be claimable by any buyer.
‘A bad tax’: Housing Minister says stamp duty should be axed
Federal Housing Minister, Clare O’Neil, has made it clear she’s no fan of states and territories’ current property tax settings.
Mortgage rules hurting first home buyers: Senator Bragg
Prudential regulation has “swung too far in favour of risk aversion”, senator Andrew Bragg has said following the first round of hearings from the home ownership inquiry.
Coalition commits $5b to infrastructure under election housing plan
Peter Dutton has promised that a Coalition government will dedicate $5 billion for works like sewerage, water and power to get new homes off the ground.
New loan solution launches for temporary residents
Non-bank lender Uptain has launched a new loan solution that aims to help temporary residents secure a home loan.
Approvals charge forward as commencements stall: KPMG
Australia’s largest capital cities have reported a rise in the number of approved, but not yet commenced homes, with significant blame placed on the obstacles around higher-density development.
‘Suburbs that build more homes get more funding’: Victoria’s new developer rules
The government is looking to overhaul Victoria’s developer contribution systems to ensure growing communities receive fair funding for infrastructure that aligns with their housing development.
Why retail tenancies could be in for big changes in WA
Scheduled for review every five years, the laws that govern Western Australia’s retail tenancies are once again under the microscope and this time they could be in for a shake-up.
Say ‘no’ to NIMBYs: Housing policy pressure mounts ahead of Qld election
The Housing Industry Association (HIA) has stressed that whatever the make-up of the next Queensland government, it must be prepared to take a hard stance on housing.
[Related: Hot Property: The biggest property headlines from the week 14–18 October]
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