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Hot Property: Biggest headlines this week 6 - Oct 2020
From the rate decision to the release of the long-anticipated federal budget, it’s been a big week for the Australian economy: Here are the biggest property stories.
Hot Property: Biggest headlines this week 6 - Oct 2020
From the rate decision to the release of the long-anticipated federal budget, it’s been a big week for the Australian economy: Here are the biggest property stories.
Welcome to nestegg’s weekly round-up of the bricks-and-mortar stories that we think will be most relevant to you, whether as a first-home buyer, a seasoned investor, or anyone in between!
To compile this list, not only are we taking a look at the week’s most-read stories and the news that matters, but we are also curating it to include stories from our sister platforms that could have an impact on your buying, selling, or investment journey, no matter where you find yourself on the property ladder.
Despite speculation of a cut to the official interest rate this month, the RBA has decided to keep the official interest rate on hold at 0.25 of a percentage point.
“This budget is all about jobs,” proclaimed federal Treasurer Josh Frydenberg in the House of Representatives as he unveiled details of the 2020 federal budget.
Seven months overdue, the long-awaited federal budget has been delivered, setting out a much-anticipated plan for economic recovery post-COVID-19. Here’s what this might mean for you.
Here are some of the property-related takeaways from the latest allocation of federal government spending.
In what’s a far cry from the large drops seen in the property market just six months ago, a property researcher believes parts of Australia will see a boom by Christmas, growing as much as 20 per cent over the next 12 months.
Data released by CoreLogic has shown house prices have fallen nationally over September, but rose everywhere except the big markets of Sydney and Melbourne.
According to Alex Fitzgerald, acquisitions manager for property investment company Custodian, there are massive incentives on offer for first-time property investors: “The financial incentives on offer at the moment for first-time buyers are huge,” she said.
“In some states, when you pool the state government and federal government concessions together and take into account the reduced stamp duty, you can access up to $45,000 or $50,000.
- Rate cuts possible on Melbourne Cup Day: expert
The Reserve Bank of Australia could be looking to adjust official interest rates on Melbourne Cup Day for the first time in more than a decade, according to mortgage aggregator Finsure Group.
As Australian consumers continue their sea change shift, investors looking to capitalise are being advised they may have a limited window, with a deeper analysis of the area required before purchasing.
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