As some business leaders came forward to state the economy can handle a large cut in interest rates to boost business sentiment, nationally few new jobs are being created apart from in the mining industry.
Questions are being asked if the Reserve Bank of Australia really understands where the economy is at the moment. Continue reading A note from Hugh →
With all the hype around the mining industry, anyone would be forgiven for wondering where the benefits are being seen – housing markets are generally slow, consumer confidence is low and everyone is saving rather than spending.
However, the good news on the resources front is that the mining boom is real and many housing markets around the resource and agricultural regions of the country are benefiting from strong demand, which is driving up transaction numbers and home prices. Continue reading Go west to invest for best property growth prospects →
If you are a tenant feeling under pressure from high rental costs, it will be no surprise to learn that the asking price of rents have soared in many areas in the past year.
In a bit of good news, however, there was a slight slowdown in some areas of NSW in the three months to the end of June, according to data from Australian Property Monitors, a Fairfax Media-owned company.
In Sydney, where the rental market remains very tight rents are up 8.8 per cent to $650 for houses in the Botany Bay area, 8.4 per cent to $1000 a week in the Waverley area in the eastern suburbs, and 8.3 per cent to $650 in the Canada Bay area. However, by far the greatest increases occurred in country areas. Continue reading Country towns lead the way on rent increases →