First home buyers took 26.5% of all housing loans in January, the highest proportion since records commenced. The value of total loans were 0.7% above December, a surprise given failing world markets and December typically has a rush at the tail end of the year. The success of the First Home Owners Grant ($14,000 for an established home / $21,000 for a new home) i.e. expected to lead to its renewal in the May budget.
At the same time developers, like Stockland, Australias largest and potential buyer of Aveo, have announced they have deferred all new development projects due to uncertain economic conditions.
Opinion
Retirement villages have Canberra’s attention – now the sector must prove its value
Three years after Daniel Gannon took the reins of the Retirement Living Council (RLC), the sector has achieved something his predecessor Ben Myers was never able to: national recognition in Canberra. This is just the fist step. Retirement villages now need to capitalise on this moment. Here’s how.
