Are You Space Savvy... ?
In the past Australians have opted for sprawling lawns and large thirsty gardens. It is possible however, to embrace higher density living and smaller backyards without compromising your lifestyle. Whether you own an inner-city apartment for work trips, or have permanently downsized, you can still create a stylish space where you can entertain friends and relax without feeling confined.T
Industry Market Wrap
The latest figures tracking the performance of the US housing market came out this week, with the First American Core Logic House Price Index (HPI) release revealing US housing prices fell 11.5 percent as of March ‘09 compared to a year ago, a slight improvement from an 11.7 percent annual decline as of February.
First home buyer scheme extended
The move is part of a bid to boost the home construction market, following lobbying by the housing industry. Prime Minister Kevin Rudd would not commit on the issue yesterday - prompting Liberals to attack him for "cruelly teasing" couples weighing up their purchasing options.
Sydney in world's top 10 places to live
Sydneysiders enjoy Australia's best quality of living - ahead of Melbourne - but better conditions can be found across the Tasman, so a survey claims. Vienna topped the 2009 Worldwide Quality of Living Survey, but Australia fared well with Sydney placed 10th, Melbourne 18th, Perth 21st, Adelaide 30th and Brisbane 34th.
More rate cuts… the only question is 'when'
RBA Board minutes The Reserve Bank Board debated the possibility of further rate cuts at the March meeting before deciding to keep rate on hold. The board believes generational low interest rates and fiscal stimulus is having an expansionary effect on the Australian economy, however it is too early to judge the extent of the expansion.
RBA cuts key rate by 100 basis points
February 3, 2009 - 3:24PM The central bank has slashed the cash rate to a 45-year low, saying the reduction will work in tandem with the government's latest stimulus measures to help cushion Australia from the global economic crisis.
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