The McGowan government recently announced a raft of housing schemes aimed at boosting supply and increasing choice within the state’s embattled property market. Among the initiatives, the Western Australian government launched its $80 million Infrastructure Development Fund aimed at “unlocking affordable housing opportunities” throughout the state, according to Premier Mark McGowan. The scheme aims to […]
A new Real Estate of NSW (REINSW) campaign aims to bring balance to the housing crisis. Titled the Rent Crisis Action, the campaign invites property managers and residential property investors to provide their views on the housing crisis, focusing on the impact of policies and legislation — whether that be existing or proposed — which impacts the availability […]
In a property market already difficult for first home buyers to access, there’s been much conversation on the potential benefits of replacing stamp duty with an annual land tax. It’s claimed a new annual tax could remove a significant upfront barrier and help more aspiring home owners acquire properties that meet their lifestyle needs. The […]
The Reserve Bank of Australia (RBA) has handed down its final cash rate decision for 2022. After much conjecture about the trajectory of the cash rate, the RBA decided at its board meeting on Tuesday, 6 December, to lift the cash rate by 25 basis points to 3.10 per cent. It was expected that the central […]