Have We Reached Peak Housing Stupidity Yet?

The latest home price data to the end of October revealed further median price rises across the board. Momentum has been building in the rate of housing value growth since the first rate cut in February, pushing the annual pace of growth to 6.1% nationally. The step up in growth rates also coincides with the expanded 5% deposit guarantee scheme going live on October 1st, which has likely added to housing demand, especially around the lower to middle price points of the market. Under Labor’s First Home Guarantee scheme, which came into effect at the beginning of October, virtually all […]