House prices are slowing and several indicators are telling us that owner occupier sales could stall, which will hit ILU sales. Six consecutive interest rate rises will flow through to demand and house prices this winter quarter. Housing finance for owner occupiers has fallen steeply. The average number of occupants has reportedly increased from 1.6 to 1.8 people per dwelling - equating to a 10% of homes being made vacant. Banks are reporting that investors dominate buyers, not homeowners. All this is making banks nervous about values.
Government Policy
Aged care reforms likely to be delayed
Leaked documents obtained by media outlet Nine reveal the Government is considering delaying implementation of the new Aged Care Act, currently slated for implementation on 1 July 2024, until next year. The documents list the implementation date as...
