The prime minister has refused to rule out changes to negative gearing and other property taxes while facing a barrage of questions at a press conference in Tasmania. Anthony Albanese did not say if he would change the system which allows Australians who own multiple investment properties to minimise their tax. The Sydney Morning Herald … Read more
Negative gearing is back in the news with reports that the Albanese government is investigating making changes to it to tackle the housing crisis. But what is negative gearing, as it now stands? What Is Negative Gearing? Know the news with the 7NEWS app: Download today Negative gearing starts when you incur a loss from … Read more
It’s “no easy task” getting your foot in the property market in Sydney, an expert has told 7NEWS.com.au. Couples must now both earn six-figure salaries to afford a home in the majority of the NSW capital, new data has revealed. Sydney’s eastern suburbs, north shore, northern beaches, and inner-city suburbs remain the most expensive places … Read more
Fresh life has been pumped into a new waterfront mini-city project set to deliver thousands of new homes in Sydney’s southwest. Moore Point in Liverpool will finally be placed on public exhibition after the urban renewal project was tangled in red tape for nearly a decade. Locals and businesses will be able to have their … Read more
New South Wales has taken the top spot as the state with the worst suburbs for renters, according to new data. NSW recorded a whopping 12 suburbs rated 100-out-of-100 on the recent Rental Pain Score Index, compiled by market research brand SuburbTrends. Queensland was not far off with 10 suburbs. South Australia had six, Western … Read more
Port Adelaide forward Jeremy Finlayson and wife Kellie are “sad” to be selling their “forever home” after they moved to a more suitable location for her ongoing cancer treatment. The AFL star and his podcaster wife bought the heritage home in Hendon, in Adelaide’s northwest, in 2022. But due to Kellie’s health battle, they and … Read more
A Queensland island owned by a film heavyweight has hit the property market for the first time in 15 years. All 25.5ha of Little Green Island, off Mackay, and the stylish three-bedroom house on it are currently owned by British-American actor and producer Douglas Gresham, who is best known for bringing The Chronicles Of Narnia … Read more
Brisbane employers appear to be coaxing staff out of working from home, with new data pointing to a hot market for CBD office real estate. Brisbane is the only Australian capital city with positive demand and negative supply for CBD offices, according to the Property Council’s half-yearly Office Market Report, released on Thursday. The Queensland … Read more
Regional Australia has seen less homes changing hands in what a new report is describing as a “significant reversal in pandemic-driven residential property transaction trends”. According to the PEXA Property Insights for FY24, sales in metropolitan areas outperformed their regional counterparts in the last 12 months to June. “Our biggest metropolitan areas, greater Sydney and … Read more
The fate of an abandoned Queensland golf course that has become a microcosm for the debate between the need for housing versus environmental protection is a step closer to being sealed, with the state’s housing minister releasing her vision for the 67ha site. Debate between residents surrounding the former Arundel Hills Golf Club on the … Read more
