As we start the new financial year, there is a bit going on property wise.
Interest rates continue to be a focal point, with the RBA holding rates this week, however, predictions indicating this may change (and quite steeply over the next 2 years). At the same time, we’ve seen CBA increase their rates on interest-only loans as they look to balance their book in line with ASIC requirements.
New stamp duty changes have come into effect across the states – make sure you understand what they mean to you.
Census data continues to be released, and this week there is an article that shows the changing make-up of the Australian population including the increasing amount of renters. An interesting stat that will have implications for property development in the future.
And lastly, this week we look at what happened across the weekend auctions – the first post the stamp duty changes. Did the first home buyers win against the downsizers?