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.
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...