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Property
08/03/2017
The majority of countries in the world have a central bank whose role is to maintain economic stability by managing the currency and interest rates, and issuing bank notes. In Australia, this institution is known as the Reserve Bank of Australia, also referred to as the RBA or the Reserve Bank. On the first Tuesday of every month, except for January, the RBA board meets to determine whether it should change the official cash rate. The result usually makes headlines […]
07/03/2017
House hunters who do not have a seven-figure budget have already been priced out of five Melbourne suburbs. And as house prices continue to climb, more home owners will come to grips with the idea that $1 million will not stretch far in this city. Big-ticketed suburbs such as Toorak and Hawthorn may have the most expensive houses, but it is the city’s smallest pockets with the highest entry prices. Last year, not a single a townhouse or house changed […]
06/03/2017
Sentiment about the commercial property market has gone up with National Australia Bank’s (NAB’s) Commercial Property Index rising five points to +21 in the fourth quarter of last year. These results come from NAB’s Commercial Property Survey Q4 2016 which surveyed 250 panelists and put the index at its highest point since the survey began in 2010. These improvements over the fourth quarter were due to big gains in CBD hotels (up 34 points to +88) and small gains in […]
06/03/2017
With lenders increasingly out of sync with the RBA, it’s no wonder people are feeling jittery about interest rates. Since their failure to pass on the central bank’s 25 basis point cut to the official cash rate in August last year, many have been upping rates, with the result that the gap between the rate set by the RBA and interest rates offered by lenders is growing. The easiest way to protect yourself against the increasing costs is to factor […]
05/03/2017
Tens of thousands of first home buyers will no longer have to pay stamp duty on properties worth up to $600,000 under an Andrews government plan to make housing more affordable. Long-awaited reforms to be unveiled on Sunday will give new home owners savings of up to $15,000 by exempting them from stamp duty on new and existing properties, in a bid to help more Victorians to break into the expensive housing market. A $50 million pilot program will also […]