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The residents in this postcode pay more than $1Billion in tax in one year
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The residents in this postcode pay more than $1Billion in tax in one year

Guess which postcode contributed more than $1.1bn in government revenue in one year alone?  I’m sure you guessed it was a Sydney suburb. Well…it was Mosman where residents paid a staggering $400 million more tax than the next-highest postcode. Analysis by The Weekend Australian of 2014-15 Australian Taxation Office data, produced the following interactive graph wher you…

Even more problems for investors in blacklisted postcodes
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Even more problems for investors in blacklisted postcodes

New legislation proposed in last week’s budget would extend APRA’s (the Australian Prudential Regulation Authority’s) ability to control the non-bank sector.   This would put even more pressure on investors who have bought in suburbs blacklisted by the traditional banks and who are looking for alternative lenders. The Treasurers budget speech suggested that new legislation…

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