|
|
| Real Estate Australia, Property Australia, Buy Australia, Rent Australia, Share Australia |
|
|
 |
|
Property News
|
 |
|
|
|
02 Oct 2008
|
|
|
| Squeeze for homes worse than targets |
soaring immigration rate
means Sydney's suburbs will need to squeeze in a third more apartment
blocks and houses than councils and government planners first thought -
and that's on top of already ambitious development targets laid out in
the State Government's 25-year city growth plan, says one of the
state's top planning experts.
The Metropolitan Strategy -
Sydney's blueprint for development - estimated in 2005 that the city
would need an extra 640,000 dwellings by 2031 but
... More
|
|
|
|
|
30 Sep 2008
|
|
|
| Aggressive RBA rate cut tipped |
As the financial turmoil worsens, investors are betting the RBA will cut rates next week by a half a percentage point.
Amid
the gloom enshrouding the global economy, investors are increasingly
betting the Reserve Bank of Australia (RBA) will cut official rates
next week by an aggressive half a percentage point.
"The world
has just experienced the most-disturbing financial turmoil in many
decades,'' said Rory Robertson, interest rate strategist at Macquarie.
"Near term, i
... More
|
|
|
|
|
28 Sep 2008
|
|
|
| Interest relief: $80 a month |
Home buyers could save up
to $80 a month on their mortgages after the Federal Government
announced a $4 billion plan to boost competition in the lending market,
but it could take months for the benefits to flow through to household
budgets.
As prospects for quick action in the United States to
tackle the worsening global financial crisis dimmed, a Treasury
analysis revealed the extent to which competition in the Australian
lending market has been eroded by the meltdown.
... More
|
|
|
|
|
28 Sep 2008
|
|
|
| Heavy rate cuts needed to rescue the market |
This month the Reserve Bank of Australia did
something it hadn't done since 2002 - cut rates. Only by 25 basis
points but it's the start the property market needs.
Of
course, mortgage holders paying close to 9.5 per cent would most likely
have thought: "So what?" After all, I spend more on coffee in a month
than 50 bucks so it's hardly going to save one from going under. In
truth, a cut of 25 basis points barely touched sides.
In fact
household budgets are continuing to
... More
|
|
|
|
|
|
More Articles |
|
|
|
|
|
|
|
|