Aussies have used the pandemic-induced lull in their lives to hunt around for a better bank deal, pushing the value of refinanced mortgages to record heights.
INTEREST RATES
There is a big question mark over whether Australia’s record-breaking property price boom can be sustained.
Australia's employment is strong, but not to the Kiwi level, and set to be held back further by extended lockdowns, meaning different interest rate outlooks.
The central bank reiterated it will not raise the cash rate from its record low of 0.10 per cent until inflation is sustainably between two and three per cent.
The Reserve Bank of Australia has held official interest rates at record low levels and kept its quantitative easing program unchanged.
There was much excitement last week when the RBA shifted to saying their “central scenario” is that a rise won’t be needed “before 2024″.
Reserve Bank governor Philip Lowe will have another opportunity to explain the central bank’s policy intentions during a speech on the labour market.
Australia’s official interest rates have been kept at a historic low after the Reserve Bank’s monthly meeting.
Property buyers will be caught in “machine gun alley” if predictions of rising interest rates and falling population growth turn out to be true.
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Home values in Australia's most in-demand country towns are surging strongly as the COVID-led exodus from capital cities continues, with the nation’s top five growth areas for regional migration located within a three-hour drive of Melbourne.
Just because June 30 has been and gone, property investors don’t need to wait another financial year to get a tax depreciation schedule - even if a schedule is ordered after the end of a financial year, depreciation can still be back-claimed.
Melbourne investors are being urged to look at returning to CBD apartments with the Victorian capital recently acquiring the unique status of having outer suburban units outpricing their inner city counterparts.
Legal experts say Victoria is socialising the pandemic and pushing its burdens onto business, with a new round of support for commercial tenants disproportionately relying on property investors and landlords to carry the financial costs of the state's latest lockdown.
In the national landscape, property investors should not overlook the potential Western Australia offers as the state's economy continues to grow strongly and a long-awaited property market recovery gathers momentum.
A new guide has been launched promising Melbourne apartment buyers peace of mind, after a survey of more than 1,000-apartment owners in Victoria showed a majority were living in buildings with defects.
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