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Banks respond to Royal Commission recommendations
Banks respond to Royal Commission recommendations
  Industry stakeholders, including the big four banks, have issued their responses to recommendations outlined in the final report of the banking royal commission. The banking sector has committed to working with policymakers and regulators to implement reforms proposed by Commissioner Kenneth Hayne in the final report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. Banking sector recommendations Among the reforms relating to consumer lending and banking services offered by Australia’s banking institutions are proposed changes to t...
Don’t break the economy fixing the banks, warns industry body
Don’t break the economy fixing the banks, warns industry body
In fixing the issues highlighted by the royal commission, the authorities must avoid creating new problems in the economy, especially around the provision of credit for qualified borrowers, the Property Council of Australia has said. It added that the report of the Hayne royal commission comes at a critical time for the property industry. Chief executive Ken Morrison,said strong, stable financial system is the lifeblood of the industry. “How government, regulators and financial institutions themselves respond to the Hayne recommendations will have direct consequences for first home buyers, u...
Banking royal commission findings: no directive to further tighten lending
Banking royal commission findings: no directive to further tighten lending
The royal commission final report, handed down on Monday, did not recommend banks further tighten their lending practices, with the desired outcome on lending having already been met. Even though the royal commission into banking has triggered alarmist messaging about a housing bust, Kenneth Hayne’s final report into the finance sector, which was handed down late yesterday, did not recommend the banks further tighten their lending standards. Real Estate Insitute of Australia (REIA) President Adrian Kelly told WILLIAMS MEDIA that while it isn’t yet clear what the full implications o...
Industry body calls on Labor to come clean on negative gearing policy
Industry body calls on Labor to come clean on negative gearing policy
The Real Estate Institute of Australia (REIA) has lashed out at the Labor Party over claims there will be no changes to the party’s policy on negative gearing and capital gains tax until after the election. The President of the Real Estate Institute of Australia (REIA) President Adrian Kelly said the recent announcement made by Leader of the Opposition, Bill Shorten, that there would be no decisions made regarding changes to existing negative gearing and capital gains taxation until after the federal election, is because “the ALP doesn’t want any voter backlash in the lead up to ...
Labor’s proposed changes ‘adding to market uncertainty’, says REIA
Labor’s proposed changes ‘adding to market uncertainty’, says REIA
The Real Estate Institute of Australia has described Labor’s proposed changes to negative gearing and capital gains tax as “dangerous”. Labor’s plan for negative gearing and capital gains tax has drawn criticism from the Real Estate Institute of Australia, with President Adrian Kelly saying the party has “backed itself into a corner”. Opposition Leader Bill Shorten vowed to reform negative gearing if elected in this year’s federal election, also promising to half the 50 per cent deduction on capital gains allowed across asset sales. Speaking to WILLIA...
Impossible lending environment is ‘rubbish’, investors told!
Impossible lending environment is ‘rubbish’, investors told!
The tightening lending environment is scaring off investors, but one property educator shares why this is “a whole lot of rubbish.” According to Helen Collier-Kogtevs at Real Wealth Australia, the feedback she receives from the investors she educates is that it is still hard to acquire financing and therefore they believe they have “automatically written themselves off”. However, Ms Collier-Kogtevs said not all hope is lost – and in fact, the fundamentals of financing are unchanged. “The fact of the matter is, banks still want to lend money, but the feedback I’m getting f...
We are Living Longer, but are we Healthier?
We are Living Longer, but are we Healthier?
While we often congratulate ourselves on living longer, the question is, ‘are we healthier?’ If the evidence is anything to go on things are not looking great. There is no doubt that when faced with a medical crisis there is no better place to be than in the hands of our modern medical system. It’s unlikely anybody reading this would not have experienced that brilliant and often lifesaving safety net we call ‘modern medicine’. The problem is that our healthcare system has become a chronic disease management system. The World Health Organisation (WHO) estimates that 70 per cent of chr...
Industry at loggerheads over cause of housing slump
Industry at loggerheads over cause of housing slump
The Reserve Bank of Australia has sought to address the dispute over the cause of the recent drop in property prices. In his address to the Financial Services Institute of Australia (FINSIA), the Reserve Bank of Australia’s deputy governor, Guy Debelle, acknowledged that the prolonged effects of the Australian Prudential Regulation Authority’s macro-prudential caps on investor and interest-only lending have curbed demand for housing. “The integral relationship between debt and housing prices means that these measures have clearly influenced conditions in the housing market,” Mr Debelle...
“No bright spot” in latest housing finance figures
“No bright spot” in latest housing finance figures
President of the Real Estate Institute of Australia (REIA) Malcolm Gunning says there is “no bright spot” in the latest housing finance figures, released by the Australian Bureau of Statistics (ABS). The latest ABS figures show the number of loans for housing is on the downward spiral, according to industry body REIA. The slide is due mostly to banks moving abruptly away from the property market thanks to stringent APRA regulations and the pending fallout from the Royal Commission. In September, the total value of new finance commitments for housing (excluding refinancing) $29.9 bi...
Calls for investor tax breaks intensify up after new national poll
Calls for investor tax breaks intensify up after new national poll
  New results from a Newspoll survey about the Labor government’s proposed negative gearing plans indicate significant support for more tax breaks in favour of investors, particularly given the potential benefit to middle-income earners. The results of the survey show 32 per cent of Australians believe the negative gearing policy will see property prices fall significantly, and 42 per cent believe prices will fall “a little”. Further, 36 per cent of Australians believe renting will become more expensive and only 33 per cent believe housing will become more affordable for first-home ...
YOUR CHANCE TO WIN MELBOURNE VICTORY TICKETS
YOUR CHANCE TO WIN MELBOURNE VICTORY TICKETS
Barry Plant are proud to once again be sponsoring Melbourne Victory this year. Enter our competition to WIN tickets to the clash of the A-League teams MELBOURNE VICTORY Vs ADELAIDE UNITED Saturday 8th December at Marvel Stadium  Two family passes (4 tickets) to be won! To enter, simply Like the Barry Plant Rowville Facebook Page, then on the Competition Post on the Facebook Page (not a shared post) tell us below why you’d love to win these tickets. This competition closes Friday 7th December at 4pm. Terms & Conditions: Information on how to enter and prizes in the competition promotio...
Industry body calls for holistic approach to property taxation
Industry body calls for holistic approach to property taxation
The Real Estate Institute of Australia (REIA) has called for a holistic approach to property taxation and a dedicated minister for property services. The REIA has welcomed the recent economic modelling commissioned by the Master Builders Association (MBA) and the Housing Industry Association (HIA) to the understanding of the economic impacts of changes to current arrangements for negative gearing and capital gains tax (CGT) on property. In a media statement, the MBA says their research found that “contrary to Labor’s claims, its policies on negative gearing and CGT will not increase th...
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Jacqui Ryder Sales Assistant to Chad Warden - Agents Representative Rowville
231 Karoo Road Rowville
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4 2 2 1 3
231 Karoo Road
Rowville
SALE BY SET DATE®
$960,000-$1,050,000  
107 Taylors Lane Rowville
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3 2 2 2
107 Taylors Lane
Rowville
For SALE
$720,000-$760,000  
307/404 Burwood Highway Wantirna South
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2 2 1 2
307/404 Burwood Highway
Wantirna South
For SALE
$500,000-$550,000  
9 Berrabri Drive Scoresby
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5 2 4 3
9 Berrabri Drive
Scoresby
For SALE
Contact Agent  
2/13 Jamieson Avenue Rowville
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3 2 2 2
2/13 Jamieson Avenue
Rowville
For SALE
$700,000-$740,000  
101/1098 Stud Road Rowville
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1 1 1 1
101/1098 Stud Road
Rowville
For SALE
$350,000-$385,000  
2/8 Denver Crescent Rowville
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3 2 2 2
2/8 Denver Crescent
Rowville
For SALE
$660,000-$710,000  
2/34 Sullivan Avenue Lysterfield
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3 2 1 2
2/34 Sullivan Avenue
Lysterfield
SALE BY SET DATE®
$550,000-$605,000  
11 Gretel Court Scoresby
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4 2 6 2
11 Gretel Court
Scoresby
For SALE
$870,000-$950,000  
17 Cutler Close Ferntree Gully
Latest listings (sale)
4 2 2 2
17 Cutler Close
Ferntree Gully
UNDER OFFER
$790,000-$850,000  
News update
Banks respond to Royal Commission recommendations
  Industry stakeholders, including the big four banks, have issued their responses to recommend...
1/42 Woodside Drive Rowville
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3 2 2 2
1/42 Woodside Drive
Rowville
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$450 per week  
51 Westminster Drive Rowville
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3 2 3
51 Westminster Drive
Rowville
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13 Lasiandra Avenue Nunawading
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3 1 2 1
13 Lasiandra Avenue
Nunawading
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$455.00  
29 Seebeck Road Rowville
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3 1 1 1
29 Seebeck Road
Rowville
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$380 per week  
9 Moss Court Rowville
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3 2 2
9 Moss Court
Rowville
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2/260 Dandelion Drive Rowville
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3 2 2
2/260 Dandelion Drive
Rowville
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$395.00 per week  
16 O'Connor Road Knoxfield
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3 1 2 1
16 O'Connor Road
Knoxfield
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$370 per week  
4 Tarwin Court Rowville
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3 1 2 1
4 Tarwin Court
Rowville
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$420 per week  
2/20 Station Street Ferntree Gully
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3 2 2 2
2/20 Station Street
Ferntree Gully
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$390 per week  
19 Laanecoorie Drive Lysterfield
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3 2 2 2
19 Laanecoorie Drive
Lysterfield
LEASE (Available )
$445 per week  
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