Regional Victoria, it’s time to celebrate – at least a little! Australia heard that you’ve jumped ahead of your metropolitan counterparts and into the third step of the Andrews’ government’s COVID-19 restrictions road map. This change from midnight on Thursday, September 17 finally gives you the freedom to roam past home boundaries whenever you choose and for whatever reason.
On the back of an incredibly difficult week for Victoria, with the Andrews’ government announcing COVID-19 restrictions will continue according to its new road map, the virus-stricken state is today coming to grips with six more months of lockdown.
With Victoria set to struggle with COVID-19 lockdowns for the next six months, the Real Estate Institute of Victoria (REIV) is planning a moratorium strike until “balance and common sense is restored”.
In a strong effort to stabilise Australia’s COVID-19 economy, the Reserve Bank of Australia (RBA) maintained its cash rate of 0.25 per cent in its September meeting. The cash rate has now sat at 0.25 per cent since March.
Investors may find it simpler to buy property close by, or at least in a location they know and trust. Yet it can be incredibly worthwhile to widen your pool of possibilities into another state or region.
For animal lovers, there’s nothing nicer than a hug from their furry friend. But owning such a friend becomes tricky when you’re hunting for a rental house, with many landlords not enjoying pet purrs and snuggles as much as you. So, how can you persuade landlords to agree to your four-legged buddy?
When you hear news of changing interest rates around Australia, you’ll also hear mention of the Reserve Bank of Australia (RBA). But how exactly do they influence interest rates and what’s the difference between the cash rate and interest rates?
While no deposit home loans can help first home buyers break into the property market, you should always do your research before taking out a loan to make sure it’s the right one for you. Generally, there is a very tight criteria to be eligible for a low or no deposit home loan and the interest rate of these loans can often be higher than other loans.
There are a range of different property options available but choosing the one that’s right for you can be difficult. With so many different dwelling types available and the options to buy an existing home or building a new one, it can be difficult to know where to invest such a large amount of money.
The federal government is giving eligible Australians a $25,000 HomeBuilder grant towards building their new home or substantially renovating their existing homes. The grant scheme has been announced as an effort to boost demand in the construction sector, and keep builders and tradespeople employed as the country braces for an economic downturn as a result of the Covid-19 pandemic.