International stock markets reacted badly to the news that US house sales have plummeted to the lowest rate in a decade. The news has heightened simmering tension about the global economy and the possibility of recessions around the world. Sales of existing homes were down over 27% in July in the US, compared with the previous month.
ATO plans to charge GST on manufactured home parks scrapped
A concerted effort by the Residents Association of manufactured home parks has headed off the ATO which had planned to impose GST in mobile homes. This would have added 10% to the cost of the purchase of a home