Property tax hikes part of Vic Budget
Victoria Premier Daniel Andrews explained on Saturday that taxes are rising in the state in order for his government to deliver more than what was promised – and not to fill a $5.2 billion revenue void.
Auction volumes soar week-over-week
A total of 2,041 homes were taken to auction across the combined capital cities this week, after volumes dropped to 930 in the previous week due to the federal election. Current volumes, however, were lower than the 2,297 auctions held during the same time in 2018.
Housing market on its way to recovery
The current downturn in the housing market looks set to reverse its course, with potential cuts in interest rates and the loosening of mortgage rules expected to encourage buyer inquiries.