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At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Conditions in the global economy have continued to improve over recent months. Business and consumer confidence have both picked up. The Australian economy is continuing its transition following the end of the mining investment boom, expanding by around […]

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At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. In Australia, the economy is continuing its transition following the end of the mining investment boom. GDP was weaker than expected in the September quarter, largely reflecting temporary factors. A return to reasonable growth is expected in the […]

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It’s entirely understandable that as we progress through life we accumulate more possessions. But according to a study of Australian homes by the Australia Institute we are accumulating far too much, and to the detriment of our health. The problem begins when we surround ourselves with stuff that we either don’t need or don’t use. […]

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The Australian Bureau of Statistic has just released figures indicating Australians are entering the property market later than ever before. The 2013-14 data, shows that less than 50% of Australians bought their first home between the ages of 25 and 34 years old. Back in 2000-01 that percentage was up over 60. One of the […]

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The Real Estate Institute of Australia (REIA) says that in the September quarter of 2016, housing affordability in Australia declined marginally with the proportion of the median family income required to meet average monthly loan repayments increasing to 29.5% from 29.4% in the previous quarter. REIA President Neville Sanders said, “The recent Adelaide Bank/REIA Housing […]

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The Melbourne property market is driving a national spike in $2million+ property prices. Not that long ago, $1 million guaranteed the purchase of an exceptional family home – a property where you could settle in and expect to be comfortable for life, only looking to down size when the nest became empty. Over the past […]

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REIA recently released the REIA Real Estate Market Facts for the September quarter 2016 which shows that the weighted average capital city median price increased by 1.4% for houses and 1.6% for other dwellings. “The weighted average median house price for the eight capital cities is now $712,776. Reflecting the differing fortunes of state economies, […]

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Did you know we reside in the world’s most liveable city? Yes, that’s right, Melbourne has been honoured with this accolade by the EIU for the last six consecutive years. The Economist Intelligence Unit (EIU) is a British business providing forecasting and advisory services through research and analysis, such as monthly country reports, five-year country […]

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The 2016 spring property market is delivering everything home sellers desire: solid price growth, high clearance rates and strong buyer demand. September quarter median house figures published by the REIV also indicate a positive and growing market. Melbourne’s median house price increased 3.25% since June to settle at $740,000. The inner and middle suburbs were […]

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With Melbourne’s population predicted to increase from 4.6 million today to 8 million by 2051, pressure is mounting on the world’s most liveable city to accommodate increased demand for housing. According to the Victoria State Government, “Apartments provide our growing population with affordable and diverse housing options, and the high number of apartment buildings being […]

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