The long-suffering building construction industry might finally find it easier to maintain a profit with lower construction costs providing hope for the future.
While some mortgage borrowers may be hoping the appointment of a new Reserve Bank governor may mean a new approach for interest rates, there’s one main driver that makes this scenario unlikely for now and that’s higher wages.
Fresh off the news the Reserve Bank will cut the number of its yearly meetings from 11 down to 8, they have also announced they will not be renewing the contract of governor Philip Lowe.
The somewhat inevitable tightening of regulations around buy-now-pay-later (BNPL) products has begun with the federal government set to introduce legislation that will treat them like any other loans.
High inflation and rapidly rising interest rates make it a pertinent time to keep a close eye on Melbourne’s property market, to keep track of what these strong economic levers are doing to the market.
It will soon be Australia’s most populous city and now Melbourne could be emerging as the nation’s most attractive capital city property market when it comes to affordability.
The rental crisis in Melbourne that is seeing exorbitant rent hikes for even the most humble of apartments, continues on in earnest as apartment listings slumped for the month of April.
Australian university students enjoy interest free terms on their Higher Education Contribution Scheme (HECS) loans from the federal government, it’s a rite of passage for many, but the debt does impact on borrowing capacity and can hurt your chances when applying for a loan.
Subdividing land for a property investment can be a winner on all fronts, helping with housing supply, affordability and returning a healthy profit at the same time.
Cameron Perry leads the team at Perry Finance, an award-winning boutique advisory firm for property investors and business owners.
