Although it is cheaper for people to buy houses because of the increased first home buyer grant from the government, the catch is that THEY must live in them for at least a year – add to that that places are being sold at fire sale prices due to non payment of mortgages. This does NOT mean that rental prices will go down. I have never seen rental price go down. They may stay at the same level for a while, but never have they stayed the same.
There are still some fires burning and although there was some relief from last night’s rain, there are still areas of real threat. Surprise, surprise, a volunteer firey was charged with arson for the Kuringgai blaze!!
The stockmarket lost 41 million yesterday and regained it today plus $18million.
Personally I am still not well, but relaxing and resting after a busy week.