Dwelling: Melbourne Markets

dwelling: The national dwelling price increase of 0.9 per cent for the month was largely driven by a strong rebound in the key Sydney and Melbourne markets, where values were up 1.7 per cent over the month, according to the Core Logic September home value index, according to Nine News Australia. Australia's two largest cities have recorded a rapid bounce-back in home values over the past two months, with Sydney up a cumulative 3.3 per cent and Melbourne up 3.2 per cent in August and September as investors gorge on low interest rates and easier access to credit. To improve your experience update it here News National House prices recover as time for first home buyers runs out By AAP1 29pm Oct 1, 2019Facebook Tweet Mail The housing recovery continued apace in September with record low interest rates and looser borrowing rules fuelling the fastest growth in property prices since March 2017. This property at Hotham Court, Leanyer NT, is a showcase of what is on offer for buyers in the Territory. A lower cash rate supposedly reduces borrowing costs for mortgage holders, though none of the big four banks passed on the full 0.5 per cent aggregate cut to lenders in June and July, and are predicted to hold even more back if the rate is lowered again on Tuesday as expected. Domain The data comes with the RBA poised to cut the cash rate to a new record low 0.75 per cent at its board meeting on Tuesday, having already cut twice from 1.5 per cent earlier this year in a bid to kick-start the economy. (news.financializer.com). As reported in the news.