What a week in the property industry!
It started off with ABC’s Four Corners Monday night segment called Home Truths. This episode focused on housing affordability and negative gearing and they’ve interviewed a few parties for this segment.
Following that, we have the Cash Rate announcement at 2:30 pm on Tuesday. As widely expected, the Reserve Bank of Australia has dropped the cash rate by 25 basis point to 1.75%. A few factors contributed to this decision but one of the main reason is the deflation recorded in the January – March 2016 CPI data. Although most economists have forecasted this movement, there aren’t many who talked about the changes that lenders would make. Would they pass on the full rate cut? What other changes would they implement following RBA’s decision? How will this affect the current mortgage holders?
Finally, on Tuesday night, we’ve got the 2016 Budget announcement by Scott Morrison. With so many speculations surrounding the negative gearing policy, what would the Government propose? Hence, this week on The Property Couch podcast, Bryce Holdaway and Ben Kingsley will be talking about all these discussions and how will it affect The Great Australian Dream. Tune it to start listening now!
Resources mentioned in this episode:
- RBA May 2016 Cash rate announcement – Watch here
- 2016 Budget Announcement – Read here
- ABC Four Corner’s segment on housing affordability – Watch here
- ATO’s Taxation statistics 2013–14 – Read here
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