Real Estate News

Dollar surges to fresh 25-month high

THE dollar has continued its unrelenting upwards rise, surging through the 95-US-cents mark in overnight trading.

It reached 95.64 US cents during the overnight session - its highest level since the global financial crisis - but had fallen back slightly to 95.53 US cents by 7am (AEST). Read more

RBA hints next rate move will be up

Only renewed troubles in the world economy look like stopping the Reserve Bank of Australia from raising interest rates again before the end of the year.

Addressing a business function in regional Victoria today, central bank governor Glenn Stevens said the largest resources boom since the late 19th century is likely to propel Australian economic growth to something above trend in 2011. Read more

Relief for tough Rental Market

First National Real Estate Merrylands Principal, Sam Bastawrous, says would-be renters finding it tough to secure a rental property should not despair – a bit of creative thinking should see them nestled nicely in the property of their choice.

“The rental market is continuing to tighten, with vacancy rates getting lower and rents rising steeply in some areas, and it is time for those seeking rental accommodation to think outside the box and get creative if they really want to secure their dream accommodation,” Mr Bastawrous said. Read more