The RBA says it wants to see wages rise before lifting the official cash rate but house prices could rise 10 times as fast as them in 2021 according to some forecasts.
The Federal Government wants to raise awareness and reboot its reverse mortgages scheme that allows retirees to unlock the equity in their homes to help fund their retirement while remaining in their home.
The inner western suburbs of Melbourne are becoming a highly sought-after location for first-home buyers trying to crack into the soaring housing market.
Moves in this year’s federal budget to try and improve housing affordability could end up making things worse according to some experts.
The property price boom around the country is seeing a rise in investor activity.
The RBA has kept the official cash rate at just 0.1 per cent for another month as forecasters continue to suggest that’s where they’ll stay for another year or two.
Apartments out in the suburbs are making a comeback in the property market as a new wave of investor interest and housing affordability struggles cause attention to be turned to the sector.
The national inflation figures came out yesterday and were slightly lower than expected with the consumer price index rising 0.6 per cent over the three months to March.
Melbourne apartment investors are taking some big hits selling off dwellings they’ve been unable to fill with tenants since COVID hit.
Property seekers in Melbourne and indeed other sizzling markets around the country are leaving the market suffering ‘boom fatigue’.
