Hot Property: The biggest stories this week 5

1. Budget 2020: What does it mean for property?

“This budget is all about jobs,” proclaimed federal Treasurer Josh Frydenberg in the House of Representatives as he unveiled details of the 2020 federal budget.

2. ‘Strong’ and ‘encouraging’: Industry reacts to 2020 budget

This week’s federal budget has been mostly well received by members of the real estate industry, who have applauded the measures taken to boost consumer confidence and kick-start property activity.

3. Pandemic puts stopper in big spending

Two-thirds of Australians have seen their finances impacted by COVID-19, according to new research – and it’s affecting everything from holidays to houses and careers.

4. RBA hands down rate decision for budget day

Despite speculation of a cut to the official interest rate this month, the RBA has decided to keep the official interest rate on hold at 0.25 of a percentage point.

5. Could the property market be booming by Christmas?

In what’s a far cry from the large drops seen in the property market just six months ago, a property researcher believes parts of Australia will see a boom by Christmas, growing as much as 20 per cent over the next 12 months.

Data released by CoreLogic has shown house prices have fallen nationally over September, but rose everywhere except the big markets of Sydney and Melbourne.

6. Budget 2020: How will it impact real estate?

Seven months overdue, the long-awaited federal budget has been delivered, setting out a much-anticipated plan for economic recovery post-COVID-19. So, what might this mean for real estate agents?

7. What is the first sign of a heating market?

Property investors are being advised to look at the rental market as a sign of desirability as it is often the first sign of a growing market.

8. What to know before taking advantage of government grants

According to Alex Fitzgerald, acquisitions manager for property investment company Custodian, there are massive incentives on offer for first-time property investors: “The financial incentives on offer at the moment for first-time buyers are huge,” she said.

“In some states, when you pool the state government and federal government concessions together and take into account the reduced stamp duty, you can access up to $45,000 or $50,000.

9. Budget 2020-21 released

Several measures impacting home buyers and small businesses have been announced – as part of the government’s plan to “recover from the COVID-19 recession and to build our economy for the future”.

Tags:

• Latest
• Australia property market news roundup

Share