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Month: August 2015

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Australian Economy

Illegal foreign buyers on notice, 6 homes purchased illegally to be sold, a further 462 under investigation

August 9, 2015 admin 82

Six homes brought illegally by foreigners will be sold and a further 462 sales are under investigation with the Treasurer, Joe Hockey, telling Australians more will be forced to sell soon. In May, we reported the enforcement of legislation surrounding real estate sales to foreigners would be transferred to the …

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Australian Housing

Westpac lowers maximum LVR for Self Managed Super Funds

August 2, 2015 admin 17

Westpac had slashed the maximum loan to value ratio (LVR) for residential property loans taken out by self managed super funds (SMSF) to 70 per cent. Earlier last month, Westpac lowered the maximum LVR for all property investors to just 80 per cent. On Friday, Westpac also announced it will …

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