For the 10th consecutive time, The Reserve Bank of Australia has increased the nation’s cash rate by 0.25%. From an agents and online portals (Domain and REA) perspective we have seen transactions go up in March due to the fact that flat interest rates have given buyers the push they needed they start seriously looking.
The Greens party also announced they wanted to put a cap on rental prices. As a tenant this is understood to be helpful given the current market and housing supply crisis, however as a result this will steer investors away. By not capping rental prices, developers are more inclined to invest and build more which in return will increase the supply out there for tenants.