HomeMate.com.au

The Reserve Bank board has left the official cash rate unchanged at 4.5 per cent,

As Mr Mortgage predicted earlier, the official cash rate has been left unchanged, with the decision announced moments ago.

Australia’s housing market is showing signs of strong activity, spurred on mainly by bargain hunters and first-home buyers as sellers become desperate.

New First Home Buyers incentive hurts second home buyers. Queensland general manager of Brisbane-based developer Devine Homes, Paul Nash, said second-home buyer demand has been sluggish, but when the $21,000 first-home owner’s grant was introduced in October, there was a pickup in first-home owner inquiry. First Home buyers charge petering out “We had a spike, [...]

Australia’s house price slump has been patchy, with Adelaide recording a gain in values, and Melbourne bringing up the rear as far as house price values are concerned. Melbourne led the nation in the drop in house prices over the past quarter. Melbourne property values did the worst in the nation, with house prices sinking [...]

Selling your home? A small quick profit is a good profit when selling. Last year a Gold Coast couple refused an offer of $14.5 million for their beachfront home development site. Last week they had to let it go for $9 million at auction as the financial crisis bites. The house on the Gold Coast’s [...]