When Australia goes to the polls, sometime in October or November, and when the coalition is bidding for a fifth straight term in power, another interest rate increase could prove deadly for the government. With the steady increase in the housing market, we may be able to purchase good property that will prove a decent asset, by searching online at reputable sites like realestate.com.au. At OzFreeOnline.com, where you can not only find your new home by submitting all the relevant information you want in a property. You can also be first to get the latest news in real estate listings, and additional information on how to save and make money in real estate as well.
Treasurer Peter Costello told journalists ??it's very, very important as we go forward that we keep inflation low?,? As it is, last week's budget - including $31.5 billion of tax cuts - appears to have made little impression on voters.
The average home loan is now around $229,200 and the interest rate rises of 2006 have lost their shock through the community.
Australians are not mean and have always been hard workers and the one thing the majority of us want is our own home, our ?castle?. Somewhere we can enjoy the sweet things in life. Our children, friends, spend holidays with loved ones and just be a good neighbour. It is not much to ask and it feels as though there may come a time when a home in the suburb we want to live in will become more affordable.
ABS data shows housing loans for owner-occupiers grew a seasonally adjusted 1.3% in March, a fourth consecutive month of growth, and this could be the commencement of an expansion that will continue through 2007 and into 2008. At this time, supportive of the housing market, interest rate settings are not overly tight and households are enjoying strong income growth, job security and rising wealth. With some luck, many more Australians will be able to afford their own homes after all.