Young property buyers are ‘rentvesting’ to beat the housing affordability crisis by renting where they want to live and buying where they can actually afford.
The RBA has kept rates on hold for another month despite the central bank weighing the economic effects of sluggish growth, weak inflation and a resurgent Australian dollar.
The latest property market figures show Australian capital cities are still a two-tiered system and it’s Melbourne that’s leading the charge.
The Australian dollar has hit a two-year high, surging back up past the US80c mark.
Interest rates look set to stay put for some time with the RBA talking down any further cuts out of fear of rising household debt.
The suburbs of Preston, Strathmore, Thornbury, Aberfeldie and Glenroy have taken over from the previous power suburbs in the city’s inner-east.
Property market stakeholders are processing how new changes to be introduced by the federal government will reduce depreciation deductions for residential properties.
The Treasurer Scott Morrison is planning to allow more than 50 smaller lenders to become banks in a move that could increase competitiveness and lower home loan rates.
So many things can go wrong when you’re renovating but new research has exposed Australians who are willing to take the risk without contingency plans.
The Reserve Bank has extended its long run of stable interest rates for another month, leaving them at 1.5 per cent today, but borrowers are being told to enjoy it while it lasts.
