Hot Property: Biggest headlines this week 6 - Oct 2020

By Grace Ormsby

October 09 2020
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From the rate decision to the release of the long-anticipated federal budget, it’s been a big week for the Australian economy: Here are the biggest property stories.

Hot Property: Biggest headlines this week

Welcome to nestegg’s weekly round-up of the bricks-and-mortar stories that we think will be most relevant to you, whether as a first-home buyer, a seasoned investor, or anyone in between!

To compile this list, not only are we taking a look at the week’s most-read stories and the news that matters, but we are also curating it to include stories from our sister platforms that could have an impact on your buying, selling, or investment journey, no matter where you find yourself on the property ladder.

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.

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.

Budget 2020 unveiled: The path out of the pandemic

Seven months overdue, the long-awaited federal budget has been delivered, setting out a much-anticipated plan for economic recovery post-COVID-19. Here’s what this might mean for you.

Budget winners: First-time buyers and granny flat builders

Here are some of the property-related takeaways from the latest allocation of federal government spending.

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.

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.

Rate cuts possible on Melbourne Cup Day: expert

The Reserve Bank of Australia could be looking to adjust official interest rates on Melbourne Cup Day for the first time in more than a decade, according to mortgage aggregator Finsure Group.

How to capitalise on a heating market

As Australian consumers continue their sea change shift, investors looking to capitalise are being advised they may have a limited window, with a deeper analysis of the area required before purchasing.

About the author

Grace Ormsby

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.

About the author

Grace Ormsby

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.

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