
First Home Loan Deposit Scheme extended in Federal Budget
The Federal Budget has given a boost to an extra 10,000 first-home buyers trying to crack into the property market
The Federal Budget has given a boost to an extra 10,000 first-home buyers trying to crack into the property market
Non-bank lenders are in line to grow their share of the commercial real estate debt market.
The nation as a whole recorded a 0.1 per cent drop in the CoreLogic home price index thanks to a 0.9 per cent drop in Melbourne and a 0.3 per cent drop in Sydney.
The success of the build-to-rent sector is set to continue with predictions that 10,000 apartments could be developed each year by 2023.
The RBA is keen to see more stimulus moves from all governments to get the economy going again as it this week left the door open to more interest rate cuts.
Rents in Melbourne and Sydney will keep falling in the near term according the Reserve Bank of Australia.
The Australian dollar recently hit a two-year high of just over 74 US cents at the start of the month and another interest rate cut would put downward pressure on the rising Australian dollar.
The Victorian Premier this week laid out plans for the Melbourne real estate sector to fully open with COVID safety measures from November 23.
Despite the current turbulent times the Reserve Bank has kept the official cash rate at 0.25 per cent for another month.
Melbourne’s house prices were the hardest hit of all capital cities in the country for the month of August, falling by 1.4 per cent.