New Foreign Investment Regulations

IMG_4025The Federal Government has finally identified that there are votes in changing the restrictions on foreign investment into the Australian property sector. The new foreign investment regulations will be fast tracked and rolled out from early March. They will have far reaching implications for mainland Chinese investment into Australia and might well turn the tide for the huge capital flows into the Australian property sector. The devil is always in the detail however some important changes are highlighted;
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Interest Rate Update

Declining Housing MarketHome loans just got cheaper! The Reserve Bank Board decided to cut official cash rates by 0.25% to 2.25% at todays monetary policy meeting. In his statement accompanying the release Governor Glen Steven said,

“In Australia the available information suggests that growth is continuing at a below-trend pace, with domestic demand growth overall quite weak. As a result, the unemployment rate has gradually moved higher over the past year. ” Continue reading