Category: Property
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Why the First Dwelling Proprietor Grant has failed as a housing coverage
If Victoria decides to scrap the primary First Dwelling Proprietor Grant (FHOG), it’ll finish a populist coverage that solely serves to “warmth up” the housing market, in line with specialists. Dr Michael Fotheringham, managing director of the Australian Housing and City Analysis Institute (AHURI), mentioned elevating costs is the legacy of the FHOG scheme. “The…
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Vic Libs scoff as Premier Daniel Andrews switches focus from Commonwealth Video games to housing
Victorian Premier Daniel Andrews has talked up a significant shift to return within the state’s housing coverage, however the opposition has dismissed it as a distraction from the Commonwealth Video games fallout. After per week clouded by his authorities’s name to withdraw from internet hosting the 2026 Video games, the Premier and well being minister…
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Michael Pascoe: ‘I’ve discovered the lacking housing – half a century’s value’
You recognize all of the handwringing concerning the housing disaster, the claims that “it’s difficult” and that “there’s no silver bullet” and the broad resignation of not having an answer? Effectively, I’ve discovered the lacking housing and know what the true resolution is – if any authorities cares. We’ve arrived at this time housing catastrophe…
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Alan Kohler: RBA’s in-house agent of change Michele Bullock has been set as much as succeed
Philip Lowe was successfully sacked as Reserve Financial institution governor for trigger, however paradoxically his legacy might be among the many greatest within the RBA’s historical past. What was the trigger? There have been three: First, his mistake, for which he apologised, in saying the 0.1 per cent money charge wouldn’t change till 2024; second,…
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SA landlords now want ‘legitimate causes’ to evict tenants
Landlords gained’t be capable of evict tenants from their leases in South Australia with out trigger below the federal government’s proposed rental reforms. In the event that they go forward, landlords would solely be capable of finish a periodic tenancy or not renew a fixed-term lease for a prescribed motive. These causes embrace together with any…
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The pondering behind the RBA’s ‘hawkish pause’ in not inflicting one other fee hike
Commentators will run a fine-tooth comb by way of what Philip Lowe has to say subsequent following the Reserve Financial institution’s resolution to maintain rates of interest on maintain this month. The central financial institution has been climbing charges to rein in inflation, however in July stored them regular at 4.1 per cent at its…
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Will the RBA flip the interest-rate screws once more? Tuesday assembly will inform
Mortgage holders will likely be feeling uneasy forward of one other shut rate of interest name that would see their month-to-month repayments blow out even additional. The Reserve Financial institution has been battling excessive inflation with larger rates of interest since Might final yr and has to date handed out 400 foundation factors of will…
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American rents in retreat, however Australia’s market stays grim
With tight housing markets a world drawback, People are lastly seeing rents deflate – however Australian renters are unlikely to get aid any time quickly. Realtor.com evaluation of marketed rents throughout the 50 largest US metro areas discovered within the 12 months to Could, the median asking hire dropped 0.5 per cent to $1739 ($2619)…
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Alan Kohler: Crises that weren’t, aren’t and by no means will probably be, plus one that actually is heating up
For 18 months our hair has commonly been set alight by panics which have didn’t dwell as much as their early promise. When Russia invaded Ukraine on February 24, 2022, there was a world panic about vitality and meals costs (to which your correspondent contributed enthusiastically, twice). However after an preliminary spike, the costs of…