The Reserve Bank of Australia has cut the official cash rate to an unprecedented 1.5 per cent to maintain downward pressure on the currency and spur sluggish inflation and business investment. As was forecast by most analysts, the board lowered the cash rate by 0.25 of a percentage point from 1.75 […]
Opportunistic property investors are set to put the squeeze on residents already battling disadvantage and poor health in two of Melbourne’s newest real estate “hotspots”. Developers and investors are homing in and pushing up prices in the emerging markets of Frankston and Broadmeadows, which were this week named the city’s […]
Melbourne’s weekend auction hits a year-high 80 per cent as local buyers are given new opportunities to enter the property market following the retreat of foreign buyers due to increased stamp duty costs and tighter purchase approval processes. According to the second quarter Residential Property Survey by the National Australia […]