Empower Blog ABC News 24

Australia’s Housing Boom

Melbourne's property prices have surged in the past month, pushing ahead of Sydney in the last quarter. The property market in Australia's two biggest cities are currently dominated by investors who are currently making up to 60% of buyers. What had cause this housing boom in both cities and is it a good time to buy now considering the increasing p...

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Are Sydney and Melbourne in a Property Bubble?

If you are house hunting or hosting an open for inspection, the phrase property bubble may be on your mind. The Treasury Sector said evidence showed that Sydney was "unequivocally" experiencing a property bubble as well as Melbourne. So, what does that means for home buyers, investors and the property market?  In this series of ABC News 24, Ben Ki...

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RBA Interest Rate Cut

Anchor: For the first time in 18 months, RBA has reduced the cash rate by 25 basis points. That's a quarter of a percent for you and I. The move was design to lower the exchange rate and offset declines in key commodity prices. However many are wondering how the 2015 Australian Property Market will react. Bryce Holdaway is a partner in Empower W...

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Australia’s Housing Prices | Hottest State in 2015

Anchors (Oscar & Eliza) : Australia' Housing Market might start to slow to around 4% this year and now that's according to the Global Housing and Mortgage Outlook report. It still lists Australian home as the third most expensive of 22 countries surveyed. Here with us now is Ben Kingsley, the Chief Executive of Empower Wealth from Melbourne. Be...

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Australia’s Housing Market Bubble

Australia's housing market has had their best winter since 2007 according to figures released this week by RP Data. The company says prices for capital cities dwelling rose 4.2% over the three months to the end of August. The increase had been lead by housing market in Sydney and Melbourne as prompted a warning by the Reserve Bank Governor, Glenn S...

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ABC News – Is the Property Market too Hot?

The Reserve Bank has warned that Australia's property market has become unbalanced because of the surge in loans to investors. The RBA is worried about speculative buying, particularly in Melbourne and Sydney and is now talking to other regulators about stricter lending standards. On top of that, there seems to be concerns about people over leverag...

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