As Victoria’s housing values have plummeted about $40 billion in the past six months, we need to ask why it is such a bad thing. Afterall the Sharemarket has corrections all the time, so why do we expect the real estate values to climb relentlessly without having the same laws of the market apply.
Let’s face [...]
Continue reading about A falling housing market will keep the Australian Dream alive
First time home buyers are suddenly given two choices to move to buy or build their first homes. First home buyers will be eligible for grants of up to $21,000 designed to stimulate housing activity in new home construction, construction loans and home finance generally.
The scheme will be time limited.
All new home contracts entered into by June 30 [...]
Continue reading about First home buyers double bonaza as Rudd spends surpluses
Councils around Australia have given the go-ahead for 13,000 new homes, a jump of 7.5 per cent.
Australia’s latest economic measures are significantly stronger than expected, further cementing the case for higher interest rates.
Official figures on residential building approvals show a big turnaround in the month of June.
Local councils around the nation have given the [...]
Australia needs a national housing affordability strategy now to deal with an increasing home ownership and rental crisis, Labor leader Kevin Rudd says.
Mr Rudd today said the Federal Government had failed to act on the crisis which was locking out first-home buyers and low-income earners from the housing market.
He said Labor planned to tackle [...]
Continue reading about Housing affordability strategy needed for home buyers and renters
