NSW budget supports investment
Treasurer Dominic Perrottet handed down the New South Wales budget on Tuesday—and it delivered a record infrastructure spend to drive investments despite reduced stamp-duty revenue, according to the Property Council of Australia.
Mortgage arrears soar to 2010 levels — RBA
Mortgage arrears have risen to levels not seen since 2010, but are not at a point that poses a risk to the financial system or households, according to a Reserve Bank of Australia (RBA) official.
WA introduces new policy for small lots
The Western Australia government has released its position statement on lots less than 100 sqm—and the Real Estate Institute of Western Australia (REIWA) welcomed the initiative, noting that micro-lots will be beneficial to the market.
