Michaelia Cash "very sorry" for late declaration of investment property
Michaelia Cash's late declaration of her $1.4 million investment property in upmarket Floreat, is not a good look as the federal government grapples with policy to halt deteriorating housing affordability.
Stockland CEO Mark Steinert and Aussie Home Loans boss John Symond are the latest property heavyweights adding their voices to calls for changes to negative gearing.
Australia still a property hot spot for Chinese buyers
Chinese investors are finding new ways to finance real estate purchases in Australia, with 40 per cent saying they would use vendor finance to buy property over the recent Golden Week holiday period, according to Jon Ellis of Investorist.
With the current cycle in its 58th month, property price growth hit a new high in February, with prices rising 1.4 per cent to be up 11.7 per cent for the year.
"We need to start addressing the prevalence of empty homes and recognise its impact on the mounting affordability crisis," says Douglas Driscoll of Starr Partners.
Cameron Kusher of CoreLogic says creating better connectivity between the cities and regional areas and allowing more flexible working arrangements could all improve housing affordability.