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House prices set to climb despite rates
Monday, 16 June 2008
Economic forecaster BIS Shrapnel says another interest rate rise may come through in September quarter 2008, and that despite a further rate increase, the average cost of renting is set to rise much more than the cost of buying in 2008/09 and 2009/10, due to the undersupply of new housing.
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APRA proposes new standard for FHSAs
Friday, 13 June 2008
APRA has prepared a new application process and draft prudential standard for providers of FHSAs.
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Housing shortage as population soars
Thursday, 12 June 2008
Around 30,000 more houses need to be built each year. Data shows there was a growth of 300,000 new residents last year.
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House prices suffer record slump
Saturday, 07 June 2008
Median house price fell to $458,488 in first quarter from $471,300. The price fall was biggest in at least five years and
the fall in prices is being offset by the increased cost of financing home loans, so we have yet to see any real impact on housing affordability.
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the fall in prices is being offset by the increased cost of financing home loans, so we have yet to see any real impact on housing affordability.
More Government fumbles on the first home saver account
Friday, 23 May 2008
Post budget announcement changes to the First Home Saver accounts, this article questions the governments flat 17% contributions as being necessary for the wealthy.
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