by Marshall Cobb - Head of New Projects
The RBA are the good guys keeping rates are on hold again, while the Banks and Financial Planners are the bad guys giving bad advice and ripping off their customers. The NAB CEO has declared that the new banking era requires fundamental change. Let's hope that he is instrumental in driving a change in the financial culture. Read more.
Interesting figures were released this week showing that Sydney's population grew by 102,000 people last year and broke through the 5m barrier to 5.1m people. Overseas migration accounted for 85,000, natural increase added 35,000, and there was an outflow of 18,000 to other city's and states. Read more.
Housing affordability in Sydney is set to moderately improve in 2018, mainly as a result of softening housing market conditions, a new report from Moody’s says. Over the year to March 2018, Sydney showed the greatest improvement in affordability with Perth not far behind, largely due to housing prices falling 3.1% and 3.6% respectively. Read more.
Weather forecast is for a sunny but windy weekend - sounds a bit like our economy!
If you want to be "safe as houses", talk to us or visit one of our sales offices this weekend.