Property price hikes continue to slow, but annual growth at highest level in more than 30 years.

Australia’s booming property market has reached record highs in the face of extended lockdowns and growing affordability constraints, resulting in the strongest annual growth in more than 30 years.

New Legislation introduced to NSW Parliament today.

New Legislation introduced to NSW Parliament today.

Two pieces of legislation have been introduced to NSW Parliament today.  The COVID-19 Legislation Amendment (Emergency Measures) Bill 2020 has been introduced by Andrew Constance, Minister for Transport.  The Treasury Legislation Amendment (COVID-19) Bill 2020 has also been introduced by the Treasurer.  The NSW Parliament has started debating legislation to put in place emergency measures for the COVID-19 crisis.

RBA Drops Rates to an all time low.

RBA Drops Rates to an all time low.

The Reserve Bank of Australia (RBA) has announced its decision on the official cash rate for March amid speculation the fallout from COVID-19 would force the bank to ease monetary policy.  The RBA has announced its fourth rate cut in the past 12 months, slashing an already historically low interest rate to 0.5 per cent.