In their opening statement for the year, the Reserve Bank has indicated that any movement in rates in the current economic climate would be a slow-moving affair.
The Productivity Commission has raised concerns about mortgage brokers as part of its report on competition in financial services.
Treasurer Scott Morrison has spoken to Australian Financial Review while in the US, and said financial regulators may ease back on home lending restrictions.
Melbourne property growth has been widely forecast to slow down in 2018 from the previous few years of steep growth but is still expected to have another solid year.
Property investors should start preparing themselves for changes to negative gearing and capital gains tax according Daryl Dixon from Dixon Advisory.
Our northern neighbour Sydney came second, behind only Hong Kong which ranked as the world’s most unaffordable city for property.
Lenders could soon cut rates for borrowers in an attempt to stimulate the market which has flattened as we enter the new year.
The Australian Bureau of Statistics has today released another healthy set of unemployment figures for the month of December, in which another 35,000 people in the country found a job.
Falling property prices are contributing to a bounce in home loan lending and first-home buyers are some of the borrowers responsible for the rebound.
Concern is mounting that aggressive tax changes are driving foreign buyers from Australia’s property markets.
