Fast-tracked tax cuts for 11 million Australians, wage subsidies for young workers, business incentives and a leg up for many first home buyers looking to get into the property market underpinned last week’s big-spending federal budget aimed at creating jobs to drive Australia out of the COVID-19 recession.
The First Home Loan Deposit Scheme extension will increase the opportunity to own a home to thousands more people. It will unlock even more investment and further activate residential building as the engine of economic growth and employment.
Read more: Ray White Now Vol. 22 – Digital
Australia’s property market continues responding to the interest rate cutting cycle, with August showing sustained momentum following the initial rate reduction. National house prices reached $961,000, while units achieved $710,000, reflectnig the robust annual growth of 7.9 per cent and 6.4 per cent respectively. The Ray White Now monthly report for September … Read more
RBA cuts rates 0.25 per cent to 3.6 per cent as inflation sits within target band and unemployment rises to 4.3 per cent. Housing market momentum to strengthen with $750k mortgage saving $155 monthly. The Reserve Bank of Australia has delivered a 0.25 per cent cut to the cash rate … Read more