What does the federal budget mean for Australian real estate?

Treasurer Jim Chalmers has delivered Labor's first federal budget in almost a decade, in which he emphasised the government was making “hard decisions for hard times.” But despite this, there was one eye-catching announcement for Australia’s real estate industry: a new National Housing Accord, which sets an ‘aspirational’ target of...

Why higher interest rates might ultimately benefit homebuyers

The Reserve Bank of Australia might have raised the cash rate by 250 basis points since May to 2.60% – the quickest tightening in nearly three decades – but a senior central bank official has claimed higher interest rates could ultimately benefit new homebuyers. In a recent speech, Jonathan Kearns, the...