Victoria’s recent stamp duty hikes, higher land taxes and newly legislated minimum standards in market rental housing are prompting landlords to sell out and put the supply of rental stock at risk, agents warn.
Housing values have surged to record highs across all capitals except Perth and Darwin, with more growth expected in coming months as strong demand from buyers chases a dwindling number of listings.
A potential significant increase in inflation is a risk for financial markets and rising interest rates would make it difficult to generate investment returns, the head of the country’s $179 billion sovereign wealth fund has warned.
‘Projected rise in bond rate to 3 3/4 per cent on eve of loan council,’’ ran the front-page headline of the first ever edition of The Australian Financial Review, on August 16, 1951.
