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While the economy has slowed and commodity prices have dropped sharply, the housing industry has been the one shining light for the Government.
The Reserve bank has kept interest rates at their record low of 2 per cent this month, but experts say there are more cuts coming later this year.
While there are plenty of economic experts who think interest rates will be cut again this year after the RBA left them steady this month, the Organisation for Economic Cooperation and Development says Australia should stop cutting rates now.
Federal Treasurer Joe Hockey has caused a stir by saying that people looking to buy their first home should ‘get a good job’.
Recent comments about housing affordability and first-home buyers from Treasurer Joe Hockey have led to him being labelled out of touch.
In a new forecast Morgan Stanley has predicted the Australian dollar to fall to US68c by the end of the year and to drop even further by the end of 2016 to US62c.
The Property Council has again called for the abolition of stamp duty amid heightened national debate about housing affordability.
The Reserve Bank governor Glenn Stevens might have labelled Sydney’s house prices as ‘crazy’ last week but that alone won’t stop further rate cuts.
Housing affordability has been a hot topic of late and plenty of first-home buyers are looking at where they might be able to enter the market.
