Investor loans fall to lowest level in 12 months

http://www.smh.com.au/business/the-economy/investor-loans-fall-to-lowest-level-in-12-months-as-banks-react-to-tighter-apra-regulations-20170711-gx8rlv.html Tighter APRA regulations have pushed investors out of the housing market and given leeway to first-home buyers Business conditions also reached a multi-year high in June according to a National Australia Bank business survey, echoing back to pre-global financial crisis levels ABS figures: home loans to investors as a proportion of all loans dropped…… Continue reading Investor loans fall to lowest level in 12 months

Latest tax data proves negative gearing benefits wealthy the most

https://www.theguardian.com/business/grogonomics/2017/apr/13/the-latest-tax-data-proves-it-negative-gearing-benefits-the-rich-the-most?CMP=soc_567 Release of taxations statistics for 2014-15 by the ATO reveals that, while the number of people negative gearing has levelled in the past three years as interest rates have fallen, the greatest share of the benefits of negative gearing has gone to above average earners In 2014-15, 1.27 million people recorded a rental net…… Continue reading Latest tax data proves negative gearing benefits wealthy the most

What are the solutions to Australia’s housing bubble?

http://www.smh.com.au/business/the-economy/malcolm-turnbull-has-the-medicine-to-fix-the-housing-bubble–he-just-wont-administer-it-20170403-gvcfbu.html Figures produced on Monday (3/04/17) by CoreLogic show that in Sydney and Melbourne residential property prices have gone up 19 per cent and 16 per cent respectively over the past year, and growth across all capital cities is at a seven-year high. Investors now account for 50% of buyers To eliminated negative gearing tax…… Continue reading What are the solutions to Australia’s housing bubble?

Level of Australian Household Debt

Household debt relative to disposable incomes has reached a record high of 189%. This ratio is an average across all Australian households, of which only a third have a mortgage. This suggests the ratio of debt to disposable income is much higher among those with mortgages and even higher amongst those that recently borrowed for…… Continue reading Level of Australian Household Debt