Aussie investors love property, and it accounts for about two-thirds of household wealth. But the current market correction is a reminder that it's safer to spread your bets across different property types.
The RBA held interest rates at its September meeting today, and the resurgence in Sydney and Melbourne housing values was likely a key topic of conversation.
The RBA's decision to hold the cash rate at a record low of 1% was widely expected, after the rate was slashed by a total of 50 basis points in two months.
It's no longer enough for office owners to lease floor space and provide basic services. Millennials simply don't like being shoved into a sterile room for eight hours a day, says Hub Australia founder Brad Krauskopf.
Just two months after purchasing an $800 million share of the MLC Centre, Dexus has gobbled up Melbourne's 80 Collins Street precinct for $1.5 billion.
The view that HECS debt doesn't really matter because it isn't expensive like credit cards or car loans is dying out as the banks tighten lending to first-home buyers.
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