At its first meeting for 2019, the RBA decided to keep the official cash rate at 1.5% where it has remained since August 2016. In explaining the RBA’s move today, Governor Philip Lowe says the slowdown in the housing market is having an impact on both buyers and renters. “The housing markets in Sydney and […]
There’s nothing unusual about the current fall in house prices — it’s the third time in the past decade. However as ANZ’s head of Australian economics, David Plank, points out, it is unusual that it hasn’t been higher interest rates putting the brake on things. Indeed, house prices started rolling over early last year, while […]
Foreclosure Another great place to find bargains of this nature is to search through foreclosures, auctions, and homes that are preparing to enter into foreclosure. While not always the case, there are many in these situations that are willing to be a bit more flexible with the price. Never offer full asking price first. Start […]
