Looking to buy a unit in Melbourne for a median price of $350k-$450k?
This month the Reserve Bank of Australia (RBA) decided to leave the official interest rate on hold at 4.5%. Many economists expect that the RBA will continue to keep rates steady over the coming months.
The Australian Bureau of Statistics supports these assumptions with their findings of:
- 14.8% fall in building approvals in April for the month before
- Approvals reached their lowest levels since May of last year
In this week's property report video two Melbourne suburbs, St. Kilda and Hawthorn, take the spotlight with over 50 unit listings of a median price between $350k – $450k. This is great news for investors and new home buyers.
Mark Swivel talks about how a community land trust can make buying a new home more affordable and the tax tip of the week is on renting out a space in your principal place of residence and how this can be financially a benefit to home owners.