Market Essentials - April 2018
/In this month’s news, the Reserve Bank of Australia has broken a record for the longest stretch without an interest rate change, with rates on hold at 1.5 per cent for the 18th consecutive meeting. And a new study from the Australian Housing and Urban Research Institute has found capital gains tax discounts and negative gearing benefits are “heavily skewed” towards affluent Australians. It pushes for a move towards a progressive rental deduction where sophisticated investors are not given as significant tax concessions.
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Loanscape has today released its Borrowing Capacity Index for Q2/2024. It shows that the borrowing capacities of Australian individuals and families have stabilised after the sharp decline over the past 2 years. Lower income borrowers continue to be disproportionately impacted by interest rate increases: the family income required to qualify for the average size loan in Australia is 35% higher than 2 years ago.