Melbourne’s property market took a nice shot in the arm today after the city was named the world’s most liveable by The Economist for the 6th year in a row.
Banking regulators are tightening the screw on profitable interest-only loans in case things go sour in an economic downturn.
Australian capital city house prices continued to push upwards in July despite the sluggish economy.
Real estate agents say the RBA interest rate cut will kick-start more buyers trying to get hold of property in an already low-supplied market.
The main financial lenders in Australia are not passing on yesterday’s RBA interest rate cut in full, possibly slowing the central bank’s attempts to stimulate the economy.
The boom in apartment building looks set to end, with new research predicting a 50 per cent reduction by 2020.
Home owners keen to use their borrowing power to further their property investments are making things harder for first home buyers.
Melburnians are the most optimistic of them all
Inflation has sunk to its lowest level since 1999 and it has left the door wide open for more interest rate cuts this year.
Melbourne property prices jumped 1.5 per cent in the June quarter to set a new median house price record.
