Here is why the federal government has increased its housing construction target…
The federal government has increased its housing construction target, in a bid to increase supply and improve affordability. Prime Minister Anthony Albanese, after meeting with the National Cabinet recently, announced a new national target to build 1.2 million well‑located new homes over five years, from 1 July 2024. That replaces the original target of 1 […]
Property investors enjoy record low rental vacancies…
Property investors in much of Australia are enjoying very low vacancy rates – and one leading property researcher has forecast that is unlikely to change anytime soon. The national vacancy rate in July was just 1.3%, according to SQM Research, which means there are very few untenanted rental properties right now. That makes it relatively […]
Vendors reduce asking prices as property listings rise…
In good news for buyers, there’s been an increase in the number of properties listed for sale, as well as an increase in the total number of properties on the market. SQM Research has reported that the number of new listings (i.e. those less than 30 days’ old) in June was 1.6% higher than the […]
RBA to change how it sets and communicates about the cash rate…
The Reserve Bank of Australia (RBA) has unveiled a series of reforms, in response to an independent review commissioned by the federal government. Starting in 2024, the RBA board will meet eight times per year to assess the cash rate, rather than the current 11. Meetings will last longer; and, before each meeting, board members […]
Existing HomeBuilder recipients given two-year reprieve…
Existing HomeBuilder recipients given two-year reprieve… The deadline for existing HomeBuilder applicants to submit supporting documentation has been officially extended to 30 June 2025. The deadline was previously set at 30 April 2023, but, in March, the federal government proposed to extend it, subject to the agreement of states and territories – which has now been secured. […]
ATO advises use of digital self-help tools to answer tax queries…
ATO advises use of digital self-help tools to answer tax queries… If you’re feeling confused about preparing your tax return, the Australian Taxation Office (ATO) has advised you to seek help from its digital self-help tools. “We get lots of calls from the community about topics that can be easily resolved through our digital self-help […]
10 Strategies to Secure Your Finance Approval on the First Try
Financing can feel overwhelming whether you’re considering refinancing or buying your first, second, or even third home. Even for those who’ve been through the process before, securing finance approval can be a stressful journey, particularly with the added scrutiny brought on by COVID-19. Being prepared has never been more critical. Getting your finance approved on […]
