HomenewsGovernment banking reform

  • Small Business Spending

    • July 28, 2015
    • Posted by: admin
    • Category: Budget, Enconomy, Finance News, Financial goals, Government banking reform, small business, Wealth
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    If you’re running a small business, now is the time to think big. The Federal Government’s focus on small business in the May budget was designed to encourage small business growth through tax cuts as well as measures to reduce red tape, promote more start-ups and hire more employees. Many business owners will be taking

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  • Going Green

    • September 15, 2013
    • Posted by: admin
    • Category: Government banking reform, House prices
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    [custom_frame_left shadow=”on”][/custom_frame_left] Save money on your energy bills and add value to your property by going green. Improvements that reduce your home’s energy and water use will significantly increase its resale value. A study by the Australian Bureau of Statistics found that increasing a home’s energy efficiency rating by half a star adds 1.91 per

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  • Property taxes send $30bn to government

    • April 20, 2012
    • Posted by: admin
    • Category: Budget, Enconomy, Financial goals, Government banking reform, House prices, Wealth
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    More than $33 billion was added to local and state government coffers over the last year from property related taxes, despite a deterioration in property market conditions. New research from RP Data, property related taxes amassed a healthy 47.3 per cent in tax revenue for state and local governments.  Total property-related tax revenue increased by 4.6

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  • 2011 housing down by almost 10pc

    • April 19, 2012
    • Posted by: admin
    • Category: Budget, Enconomy, Finance News, Government banking reform, House prices, Inflation, Interest rate
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    ABS figures released today confirm a very weak quarter for new housing in December 2011. New residential building work fell by 1.7 per cent in the December 2011 quarter to be down by 7.7 per cent when compared to the year before.  Meanwhile, the value of major alterations and additions work done, which accounts for around

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  • Housing shortage continues

    • April 4, 2011
    • Posted by: admin
    • Category: Enconomy, Financial goals, Government banking reform, Inflation, Interest rate, Wealth
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    Economists are calling on the federal government to resolve the growing housing shortage problem. The housing starts are expected to drop by 15 per cent in 2011, wiping out a majority of the short-lived, stimulus driven gains of last year. The fate of residential building in 2011 has been all but sealed by higher interest

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  • New home sales still slow

    • March 30, 2011
    • Posted by: admin
    • Category: Enconomy, Financial goals, Government banking reform, House prices, Inflation, Interest rate, Wealth
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    New home sales in February 2011 failed to materially improve on an encouraging start to the year seen in the thin trading month of January. The risk was for a weaker result than what we saw for January. Nevertheless, new home sales are running at volumes considerably below those experienced during the stimulus-driven run of

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  • Majors slam proposed govt reforms

    • March 8, 2011
    • Posted by: admin
    • Category: Enconomy, Government banking reform, Interest rate
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    Westpac’s chief executive Gail Kelly has slammed the government’s proposed ban on exit fees as “poor public policy”. In an interview with The Australian, Ms Kelly said the abolition of exit fees would only make it harder for smaller lenders to compete. Ms Kelly said that while the fee was not “a big matter for us

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  • Banking reforms bad news for brokers

    • December 14, 2010
    • Posted by: admin
    • Category: Bank fees, Government banking reform
    No Comments

    Treasurer Wayne Swan’s proposed banking reforms could have negative ramifications for brokers. It is hard to tell what impact any banking reforms would have on brokers until they are formally introduced, the government’s plan to slash mortgage exit fees could force lenders to recoup these costs elsewhere. I think there is a good chance the

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