Industry news
industry newsSMSF property investment adviser charged with eight counts of fraud
NSW-based investors were allegedly recommended to set up SMSFs to invest in a house and land property development located in Queensland.
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industry newsFormer Bankstown mortgage broker pleads guilty to submitting false loan applications worth $3.8 million
Moustafa Dandachli submitted loan applications on behalf of 10 people with amounts ranging from $196,000 to $640,000.
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residentialThe NSW Treasury's 10 reasons why the property market is on the mend
The NSW budget papers gave 10 reasons for why Treasury had a more positive housing sector outlook.
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taxNSW property buyers paid $4.39 billion in stamp duty over 2012-2013 financial year
Stamp duty receipts are expected to jump this budget financial year to $4.96 billion.
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taxNSW property investors paid $2.39 billion in land tax over 2012-2013 financial year
But this was less, after low valuation growth, than the anticipated $2.55 billion forecast.
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new south walesNSW home buyer grants tempting 40% plus of first timers in emerging shift away from established homes
The 2013 budget papers included a graph that showed the share of first home buyers securing new homes had recently hit about 48% of all NSW first home buyers. It is now running at just over 40%.
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industry newsGender pay gap still firmly in place in building industry: NAWIC
For every dollar earned by a man in the construction industry, a woman, doing the same job, will receive just 82.3 cents says the National Association of Women in Construction.
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industry newsLend Lease share price falls 8% after reporting "softening" construction conditions
The branding of decades old construction firms Abigroup and Baulderstone will be decided following stakeholder consultation during June and July.
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industry newsParent company of James' Home Services franchise enters liquidation
Ann Meagher of SV Partners was appointed as liquidator of Rushlyn Pty Ltd, which trades as James' Home Services, in April this year.
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industry newsFTI Consulting to seek winding up of LM Investment mortgage fund
Debenture holders have around $288 million invested in the fund, which was then lent on as registered first mortgages over commercial, residential, industrial, retail and vacant land.
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