Our daily Melbourne property market updates are written by experienced property commentators, buyer advocates and investment experts. All have their finger on the pulse of the Melbourne property market.
Recent economic growth figures measured as GDP, show the Australian economy shuddered to a grinding halt, from 2.4% last year to 1.5% in the opening months of this year. ...
In what's been the worst kept secret the Australian Govt released the Budget last week. We discuss how these new proposed measures will impact the property. ...
In the latest attempt to win votes Mr Scomo has hatched a new idea to help the besieged first time buyer market. Eight days out from the Federal Budget, the Government’s plan is to allow buyers who want to enter the housing market to direct pre-tax income into a savings account for a deposit. Wow! ...
At this rate, the ABS projects Victoria’s population to grow to 9.9 million by 2056, with Melbourne’s population equaling that of major cities like New York. This raises many questions about whether Victoria is ready for such growth. ...
Housing Affordability has become a political centerpiece for both State and Federal governments, with voters exerting enormous pressure to bring “The Great Australian Dream” within reach, especially for first home buyers. Whether new measures by government will increase housing affordability remains to be seen. ...
The Reserve Bank Governor addressed parliament last week. The gist of his speech was that he remained concerned about rising household debt levels with little or no wage growth. Mr Lowe discussed the challenges of stimulating the Australian economy further and creating a potential “dangerous” situation, as a result of further rate cuts. ...