An expanded government scheme to help first-home buyers clear the deposit hurdle could pour more fuel on the red-hot property market, housing experts warn.
The odds are lengthening on an interest rate cut on Melbourne Cup Day, as the Reserve Bank adopts a hawkish tone and inflation steps up the pace.
Owning a home has been out of reach for many Australians for many years but a new federal deposit scheme starting today aims to give first home buyers a leg up.
Hopes for more rate cuts are fading after the RBA took a hawkish turn as it held interest rates steady in a widely-expected move.
The great Australian dream of property ownership continues to resemble a nightmare for many buyers as prices surge and the supply of homes dwindles.
Borrowers have been denied surprise mortgage relief by the Reserve Bank, which left rates on hold after hotter-than-expected inflation figures.
Unit approvals fall by a third in August, weighing heavily on government hopes that higher density homes will help solve the housing crisis.
Mortgage holders are unlikely to get a leg up from the Reserve Bank this week, with markets and analysts predicting the cash rate to remain on hold.
The 115,970 construction industry apprentices who are in training is 4.6 per cent fewer than a year earlier, according to latest figures.
Findings show the way new homes across the country are taxed has to change, according to the Property Council.
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