The Federal Government has announcement it will extend the HomeBuilder program for another three months and raise price caps for homes in New South Wales to reflect higher property values.
How RBA rate cuts to ‘help economy’ could instead just boot the housing market. People who have borrowed high will breathe a sigh of relief at an announcement that should see them sitting pretty for at least three years.
Stamp duty will be temporarily axed on new homes valued under $800,000 as part of a NSW government initiative to encourage more home building.
A New South Wales region has recorded both the largest rise in housing values.