Despite the devastating economic effects of the coronaviurs, a new RBA survey shows housing affordability is at an all-time high.
Experts have never felt better about housing affordability around the country, according to Finder, Australia’s most visited comparison site.
While all experts and economists surveyed correctly predicted the cash rate to hold at 0.25 per cent, nearly two-thirds responded with positive sentiment about housing affordability – a record percentage since Finder first started collecting data on the topic in March 2018. “When experts feel good about housing affordability there are two ways to look at it,” he explained. “On the one hand, prices are down so those who are ready to buy or who want to negotiate rent are in a good position to do so.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
RBA holds rates at 0.25% ahead of key economic dataThe decision to leave rates where they've been since March comes ahead of the June national accounts, which economists expect to confirm Australia's first recession since 1990-91.
Read more »
RBA holds rates at 0.25% ahead of key economic dataBreaking: The Reserve Bank of Australia has held official interest rates at a record low 0.25 per cent ahead of new data set to confirm the nation's deepest economic downturn since the 1930s | swrighteconomy
Read more »
ASX to fall ahead of RBA decision, S&P 500 records best August in 34 yearsAustralian shares are expected to fall despite Wall Street recording its strongest month of August in more than three decades, while the Reserve Bank is almost certain to keep interest rates at record lows.
Read more »
Danny Frawley was suffering from CTE at time of death, his wife revealsSt Kilda great Danny Frawley's wife says her husband was suffering from a concussion-linked brain condition at the time of his death, and says she 'strongly suspected there was more going on'.
Read more »
ASX to fall ahead of RBA decision, S&P 500 records best August in 34 yearsAustralian shares are expected to fall despite Wall Street recording its strongest month of August in more than three decades, while the Reserve Bank is almost certain to keep interest rates at record lows.
Read more »
Banks offered cheap $200b to help build economy out of recessionThe Reserve Bank will offer commercial lenders up to $200 billion in cheap cash to help bolster the recovery from recession with the depth of Australia's worst economic downturn since the end of World War II | swrighteconomy
Read more »