The auction clearance rate rose to a new yearly high of 75% during the August 6th – 7th weekend according to CoreLogic RP Data (based on preliminary results). There was 1,517 auctions around the country this week. How did my city fair? Based on the…
The housing finance data for May 2016 was released yesterday by the Australian Bureau of Statistics (ABS). The report showed that the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell again (down to 13.9% in…
On Sunday afternoon Labor Party leader Bill Shorten conceded defeat to Election 2016, 8 days after Australians went to the polling booths, while Prime Minister Malcom Turnbull claimed victory. While vote counting continues, only a Coalition government now seems possible.…
Earlier this afternoon the Reserve Bank of Australia (RBA) board decided to leave the cash rate on hold, at 1.75%. The RBA noted in their press release that “inflation has been quiet low” & ” this is expected to remain the…
Who has won? Neither major party has declared victory or defeat yet. Who is likely to win power? It is hard to tell. So far the Coalition has received 4,929,311 votes (50.04%) and the Labor party has received 4,921,187 votes (49.96%)…
The longest election campaign in Australian history is almost over. Tomorrow (the 2nd of July 2016) it is up to the Australian public to go to polling booths around the country and have their say on who they want to…
On numerous occasions during the 2016 election campaign, various members of the Coalition have been asked to explain what policies or tax reform they will be introducing to address the housing affordability crisis for those aspiring first home buyers that…
While you could be forgiven for thinking this year’s federal election campaign period is boringly long, the fact is housing affordability issue is a serious issue and we need the support of our community (clients, VIP club members and social…
Earlier this year the Labor party announced tax reform they will implement should they win the election on July 2. The two main points of the proposed tax reform are: Limit negative gearing to new housing from 1 July 2017…