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.
The RBA has kept interest rates on hold for the second successive month and they remain steady at 2 per cent.
The RBA kept interest rates at 2 per cent this week no doubt pleasing many home owners and investors.
The Grattan Institute has released a report saying that a new broad-based property levy could raise $7 billion a year and fund the abolition of stamp duty.
The Reserve Bank of Australia has faced off against the Abbott Government’s support of negative gearing.
The Australian dollar could plunge below US60c in the coming months according to an economist from private bank Deltec.
Melbourne’s median house and unit price has hit a new high in the June quarter.
House prices have grown 3.5 per cent over the June quarter to hit a new record median of $668,030.
