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.
Despite the jitters about large gatherings, MMJ Real estate offices remain "Open for Business" and would like to remind our clients of many personal services we already offer that adhere to the social distancing required to slow the spread of the virus.
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.
Low interest rates are good news for home owners. Although banks haven’t passed on the recent cuts in full, most borrowers have still seen their mortgage repayments reduce.
The CoreLogic Home Value Index results for October out today confirm a 1.2% rise in national dwelling values over the month, delivering the fourth straight month of rising values.
