News

New BIS Oxford Economics figures say Australia’s residential building boom is long gone and housing construction will fall 30 per cent from peak to trough over a two-year correction.

There’s increasing speculation that the Reserve Bank may cut interest rates later this year but the central bank has moved to dispel that notion this week.

There’s more pain ahead for home owners in Melbourne, Sydney and Perth according to new forecasts from Moody’s Analytics.

The RBA has left its official cash rate at the record-low of 1.5 per cent for the 29^thmonth in a row but experts are saying a cut this year is becoming inevitable.

Property tax is set for a crackdown from January 1 next year if Labor wins the upcoming election, which current polls suggest they will.