Townsville investors relieved by APRA decision Townsville investors can feel some temporary relief from the Australian Prudential Regulatory Authority’s (APRA) decision to lift the cap on investor-only loans for residential properties offered by banks. Yesterday, APRA made their decision to lift it’s supervisory benchmark on interest-only lending amid a review that determined
Tag: finance
Social impact investing designed in Turnbull national housing plan impacting North Queensland
Federal housing policy governance and finance Social impact investing and the Turnbull government’s replacement for the failed National Rental Affordability Scheme (NRAS) has been announced by the federal Assistant Treasurer in the National Housing Finance and Investment Corporation (NHFIC), as planned in the federal budget. Although the Turnbull government scheme is defined
The Queensland government is paying more for its debt than the average mortgage holder
The Queensland government is paying a higher interest rate than most Queenslanders are on their mortgages. To make matters worse, debt is becoming problematic in rural areas with incomes and asset values down, and debts, unemployment and underemployment up. Without improved state government debt arrangements, and policies to alleviate stressed industries
Hotel managers slam Townsville Council over Double Tree Hotel exclusive
Townsville's existing hotel property owners have expressed stiff opposition to the Townsville City Council's exclusive negotiations with Hilton Hotels to construct a proposed 175 bed 4.5 star Double Tree hotel next to the North Queensland stadium. With fair reason, the Grand Chancellor, Grand Hotel and Mercure Inn managers share the same
Home ownership falling, debt rising – its looking grim for the under 40s
Home ownership among young people is declining, as mortgage debt almost doubles for the same age group, results from the Household Income and Labour Dynamics in Australia (HILDA) survey show. It also shows young people are living with their parents longer. The Melbourne Institute of Applied Economic and Social Research undertakes
Townsville Council secures “Big 4” Chief Finance Officer
Townsville City Council (TCC) announced today, the appointment of ex-Pricewaterhouse Coopers (PwC) and Deloitte strategic planning accountant and auditor as the local government authority's Chief Finance Officer (CFO). Mr. Matt Thompson will begin his new role as head of the Business Services division. This is the final executive position to be