Deteriorating economic conditions and collapsing consumer confidence will push the Reserve Bank of Australia (RBA) off the interest rate fence, with a cut in the already record-low cash rate possible after the federal election, says leading mortgage aggregator Finsure Group.
Leading office on Sydney’s Lower North Shore signs long-term deal with Belle Property
Belle Property Neutral Bay co-principals, Matthew Smythe and Mark Jackson have bought out business partner Tim Foote, a prominent real estate professional on Sydney’s Lower North Shore, as they signed a long-term deal with Belle Property.
Stockland CEO Mark Steinert and Aussie Home Loans boss John Symond are the latest property heavyweights adding their voices to calls for changes to negative gearing.
OECD says Australia must lift interest rates to cool housing market
Australians may face higher interest rates next year, as the The Organisation for Economic Cooperation and Development warns of the need to "unwind tensions" in the housing market.
A trend we are starting to see is tenants moving out of our properties, some even breaking their lease early, to buy a house because they can actually save money.