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29.03.26 - 14:12
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How Singapore and Australia Took Opposite Paths on Housing (Bloomberg)
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As homeownership drifts further out of reach, governments are looking for new ways to help first-time buyers come up with the money. In Australia, economist Saul Eslake argues that letting buyers tap retirement savings or reduce down payments only puts more upward pressure on prices. In Singapore, economist Sumit Agarwal points to a very different system: mandatory savings there can be used for housing, but steep taxes discourage buying second and third homes. Through the experiences of first-time buyers Jordan Davies in Melbourne and Jeff Chie in Singapore, the story explores whether easier access to capital really helps people buy homes or simply makes housing even more expensive. (Source: Bloomberg)...
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17.03.26 - 07:54
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RBA interest rates: Reserve Bank raises official cash rate to 4.1% in blow to mortgage holders (The Guardian)
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Reserve Bank of Australia's second consecutive increase lifts cash rate target to where it was in February last yearFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Reserve Bank has increased interest rates amid a global energy shock that threatens to push Australian inflation towards 5% in a split decision, leaving the door open to further hikes.The hike takes the RBA's cash rate target from 3.85% to 4.1%, back to where it was in February 2025, wiping out the relief offered by two cuts last year. Continue reading......
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03.02.26 - 07:54
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RBA interest rates decision: Reserve Bank increases cash rate to 3.85% in blow to mortgage holders (The Guardian)
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Shortest rate-cutting cycle in the RBA's modern history ends after unexpected jump in inflation Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Reserve Bank has hiked rates for the first time in more than two years, with mortgage holders to bear the brunt of dealing with an unexpected jump in inflation.The RBA monetary policy board announced on Tuesday at the end of its two-day meeting that the cash rate target would lift to 3.85%, from 3.6%. Continue reading......
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05.12.25 - 19:36
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′Enclaves for the rich′: new luxury housing is putting parts of Sydney out of reach to all but the very few (The Guardian)
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A wave of redevelopment in Bondi, the inner city and lower north shore is pricing people out – even while governments profess to be focused on affordabilityGet our breaking news email, free app or daily news podcastBondi used to be home to surfers, backpackers and artists. But the bohemian vibe of Sydney's most famous beach risks being swamped by a wave of high-end developments.Older apartment blocks that provided affordable housing are being bought by companies and wealthy individuals, who are turning them into smaller blocks with fewer luxury dwellings, or sometimes single homes. Continue reading......
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