Economy

The NHFIC has revealed the property price thresholds that are applicable to the Family Home Guarantee scheme announced in the 2021-22 federal budget.

Treasury has confirmed that more than 50,000 workers have lost their jobs since JobKeeper ended, but employment is tipped to continue rebounding alongside Australia’s economy post-COVID.

The central bank has announced its official cash rate decision for June, and said that it would be monitoring trends in housing borrowing “carefully”.

Due to COVID-19 restrictions in Victoria, the Melbourne leg of the Better Business Summit and Better Business Awards 2021 has been moved to July.

The Victorian government has released the 2021-22 state budget, which includes property tax hikes and mental health initiatives.

Australians’ financial wellbeing has hit an all-time high despite the pandemic, while the number of home owners with a mortgage is at the highest level in 25 years, according to CBA.

The Reserve Bank has announced its cash rate decision for May, a week before the release of the federal budget.

Measures to make home ownership more accessible, including tax-deductible interest for FHBs, a permanent FHLDS and access to super, are among the budget requests from the REIA.

As houses prices, housing finance and buyer demand continue on an upward trajectory, an economist has outlined why the property boom may fade in the years ahead.

The RBA has announced its official cash rate decision for the month of April.