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
Inflation eased in June. Fuel prices drove most of the improvement. Strip them out and the picture the Reserve Bank is watching – underlying inflation, housing costs, the labour market – has not moved. The Reserve Bank has left the cash rate unchanged, choosing to wait for further evidence on whether the interest rate increases … […]
The housing downturn is now broadening across cities and price points. How far prices can fall from here depends on a variable that most of the conversation has not caught up with: the cost of building a replacement home. Australia’s housing downturn is now underway. Higher interest rates have reduced borrowing capacity, lifted mortgage repayments … […]