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RBA holds cash rate at 4.35% Despite anticipation around rate cuts hitting Australia given recent rate cuts announced in Canada and, most recently, the ECB, the Reserve Bank of Australia (RBA) has kept the cash rate steady at 4.35%. This decision aligns with the RBA’s cautious approach as ...
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In May, housing markets all around Australia increased by 2.2%, according to CoreLogic's national Home Value Index. The increase in May was higher than April's (1.8%), but it was lower than the 32-year peak set in March, when prices jumped 2.8%. Tim Lawless, CoreLogic's research director, notes ...
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House prices have soared to dizzying new heights in six capital cities, with two breaking big barriers and another set to do so over the next three months. The most recent price data would certainly surprise potential buyers, but it should inspire sellers and others looking to capitalize...
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The Morrison Government is extending the highly effective HomeBuilder program which is driving demand in our vital construction sector and protecting jobs by supporting the construction on new homes and home renovations. HomeBuilder will remain demand-driven and will be extended from 1 January 2...
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Homebuyers in the NSW are expected to save tens of thousands on their purchases as the state undertakes one of its greatest tax changes by eliminating stamp duty. Treasurer Dominic Perrottet unveiled the reform as Australia's largest state grapple with a budget deficit of $16 billion. &...
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With the start of its economic recovery from the coronavirus crisis, the Reserve Bank of Australia decreased the official cash rate by 15 basis points to a new historic low of 0.10%. The board agreed on the package of additional steps to encourage jobs and the stabilization of the after-pa...
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As thousands more apply for the $25,000 home builder grant to build new homes or renovate their homes, the federal government is expected to heed the calls of property developers and expand its HomeBuilder scheme beyond the December expiry date. A swarm of new customers has been registered by de...
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The Reserve Bank of Australia has left the official cash rate on hold at 0.25 percent as the nation prepares for what the federal government is calling the most critical budget since the end of World War II. Tuesday's decision comes amid growing uncertainty about the prospect of a furthe...
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The scheme, which has already assisted 20,000 first home buyers in purchasing a home this year, will also see caps on the prices of new homes increased from $750,000 to $950,000. Treasurer Josh Frydenberg said that the residential construction industry, which currently contributes around 5 per c...
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The Home Builder grant announced by the government has been acknowledged by all. It is a $25,000 tax free grant provided by the government to the eligible Australian citizens which can be used for building a new home or renovating an existing home. There are some criteria for Australian citizens...
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The statistics of this week indicates that the joint capital city initial auction clearance rate was 72.4%. This has been the peak of the initial clearance rate since the start of March and it is being monitored to observe its its standings till the final data has been collected. This weeks initi...
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The second biggest bank of Australia is hinting towards a spike in the housing prices all over Australia. The property forecast of Westpac has expected the property market to remain unharmed even through this global pandemic before taking a leap of 20% increment in following years. Chief econo...
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The passenger terminal of new Western Sydney International Airport is scheduled to start at the end of 2021 after the selection of the successful contractor by the mid of 2021. With an enormous estimation of $5.3 billion for the project the airport will have all the required modern facilities....
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The NSW Government has declared to provide stamp duty relief to the first-home-buyers with a sole purpose to assist the economy amid the COVID-19 Pandemic. The Berejiklian Government has announced that First-Home-Buyers acquiring new properties costing up to $ 800,000 will be relieved of stamp d...
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