This week we’re looking at the RBA and the Government. We check out the NSW’s Government developer levies, the RBA stating that we’re not in a property bubble and John Symond’s thoughts on why the RBA lifted rates this month. Check out This Week’s Picks below.
Cut to developer levy will send rates soaring
Councils in Sydney growth centres are refusing to process major development applications in a rapidly worsening dispute with the state government over its decision to impose a $20,000 cap on developer levies. (read more)
Property values fall in New Zealand
No place like Australia: property values in New Zealand are falling. (read more)
Furnish your house for free
Your trash is my treasure – how to furnish your place for free. (read more)
It’s official: RBA says no housing crisis here
Speaking on recent developments in the housing market the RBA’s Head of Financial Stability, Luci Ellis said a US-style housing crisis is unlikely in Australia because most of the heavy housing debt burden here is in the hands of those most able to afford it. (read more)
Why did the RBA take the action it did in June?
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