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Massive rate cut to lure property buyers back into the market Tuesday, 21 October 2008||Melanie The Reserve Bank's decision to slash the official interest rate by a whopping 1% this week will significantly boost Australia's property markets as it puts hundreds of dollars back into pockets of struggling mortgage holders, according to experts.
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FHOG boost to generate 15,000 new homes Tuesday, 21 October 2008||Melanie Up to 15,000 families are one step closer to home ownership, thanks to the Rudd government's $10.4bn bid to stop the Australian economy from falling into recession.
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