National house prices are on track to recover losses suffered in the pandemic and hit a new high by February if the current level of growth is maintained, the latest CoreLogic property price index says. Australian property prices rose for the second consecutive month in November, increasing by 0.8 per cent, driven by record low interest rates and…
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The Federal Government has announced an additional 10,000 places in its First home Loan Deposit Scheme in a bid to help more Australians into their first home. Announced this morning, the additional 10,000 places will be provided by October 6 this year. Under the existing First Home Loan Deposit Scheme, eligible first home buyers can…
Australia’s official cash rate has plunged to 0.10 per cent, marking the lowest interest rates in the nation’s history. Economists of the Reserve Bank of Australia (RBA) today decided to slash rates in a bid to stimulate the country’s economy out of a COVID-19-driven recession. It’s the third time interest rates have been cut this…
In line with economist expectations, the RBA has kept the cash rate on hold at 0.25 per cent. All 40 experts featured on the Finder website predicted the hold decision. The decision comes as RBA governor Philip Lowe hinted that the historically low rate will remain that way for a number of years until progress is made…
The Reserve Bank had some good news for the Sydney market on Friday, declaring a “strong bounce-back” in auction rates and listings returning to normal levels. While housing prices in most capital cities have declined a little since May, the rising equity market meant household wealth remained largely unchanged, despite the deep recession caused by the coronavirus…
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The government has developed a new package of measures designed to improve housing affordability across NSW. Supporting first home buyers The NSW Government’s comprehensive package to improve housing affordability is focused on helping first home buyers, who often face stiff competition from investors. For first home buyers, this comprehensive package will: abolish stamp duty on all…
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Australians love talking about property, whether it’s at family barbecues, the school pick-up gate or the office kitchen. In fact, 2019 research by HSBC bank identified Australia as the seventh-highest property-obsessed nation in the world – we spend more hours preoccupied with the property market than we do at the gym or speaking to our parents. Certainly,…
While most of the focus has been on single home construction, there’s been a boost for fresh off-the-plan project offerings in the Federal Government’s HomeBuilder scheme. While most of the focus has been on single home construction, there’s been a boost for fresh off-the-plan project offerings in the Federal Government’s HomeBuilder scheme. Following the hasty…