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.
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Government confirms AN-ACC price rise and 42% hotelling supplement boost
The Albanese Government has confirmed new funding increases for residential aged care from next month – including a significant 42% jump in the hotelling supplement. From 1 October 2025, the Australian National Aged Care Classification (AN-ACC)...