Late Edition Roundup

Welcome to the very late edition of the roundup!

Apologies for those that hang out for it lol, I have been battling a lurgy and at this point we are a 1 – 1 draw, here’s hoping I can nail the rest of this week!

The budget and it its contents certainly consumed a great portion of the news cycle last week, with the RBA meeting barely registering a blip.

I imagine that you’ll all be across the bits of the budget that are important to you, I think that if things are delivered well and in close to the format presented it should see us mostly on a good path for the next little while.

I think we will see some stabilisation in the market, with little to no backing off from the housing sector. All reports lately have factored in strong growth especially in regional areas. Buoyed by the additional places in the First Home Loan deposit Scheme and increases in purchase caps. Its all a matter of when this all flows through as to when its available. The direction on the FHLDS for updates is to watch their twitter account… wait… what…. Cheaper than updating a website I guess….

No major changes in the world of money in the last week. Small changes in variable rates as they start to move to 2.5% from several lenders. These are mostly very low Loan to Value ratio loans that these apply to, right now… I think I have said before that it’s pretty typical of the banks to hold their ground from here till February at least. Though stranger things like pandemics have happened before.

I hope you have a great week out there! I’m just a call away if you need me.

JC

Scenarios and interest rates quoted above are suggestions and constitute general advice only.