|October 2008||News Article|
Home sales falling despite rate cut
The number of dwellings being sold continues to fall despite a rate cut, according to the latest New Home Sales Report from the Housing Industry Association.
Rates likely to fall and home prices to steady, RBA suggests
The Reserve Bank is expected to cut interest rates by half and percentage point next week even after it warned stubborn inflation could limit further falls.
When is it time to buy?
Experts are divided on whether now is a good time or whether to wait a bit.
Affordability improves, HIA index reveals
The HIA-CBA First Home Buyer Affordability Index improved by 3 per cent in the September 2008 quarter with a 1.9 per cent easing in house prices offsetting a net increase in borrowing costs over the quarter.
More interest cuts on the way
More interest rate cuts are likely, if the minutes of this month's meeting of the Reserve Bank board released today (21 October 2008) are anything to go by.
Property owners position on ACT poll
The land tax policy of the Community Alliance Party has been praised by the Property Owners Association.
Grant tripling 'to save building jobs'
The trebled first home buyers grant will save jobs in the building industry, according to the Housing Industry Association.
First homebuyers grant trebled
The first homebuyers grants for new housing is to be trebled to $21,000 the Government announced today (14 October 2008). It is to stimulate the economy in the face of the global financial crisis.
Builders' expectations warrants rate cut: HIA
Only one in five housing builders expects conditions to improve in the next six months, according to the Housing Industry Association, and this warrants a further interest rate cut.
Relief, at last, for home borrowers
Home owners can take a silver lining from the clouds of the financial crisis as the Reserve Bank lowered the official cash rate by one full percentage point and one bank, Westpac, cut home loans by 0.8 percentage points.
More banks should sign on to home saver plan: REIA
More banks should sign on to the Federal Government's First Home Savers Account scheme, according to the Real Estate Institute of Australia.