
Interest rate cut to put the squeeze on property availability
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.
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.
Properties in Melbourne’s regional areas are becoming more than just holiday homes, with areas like the Mornington Peninsula outperforming the metropolitan area.
The housing market has had a pretty good year compared to some forecasts, but the National Australia Bank has predicted things to seriously flatline next year.
There are calls on the newly formed Coalition Government to cut capital gains tax (CGT) breaks on property sales to help fix the budget deficit.