Market Essentials - October 2020

Despite phase one of the Federal Government’s Covid-19 stimulus coming to an end this month, there’s been a positive turn in housing market sentiment. Consumer confidence has increased, and according to Core Logic, new listings rose, with six of the eight capital cities recording a rise in home values over the month.

The Morrison Government has also announced plans to rollback responsible lending obligations to help kickstart the economy. The rollback, currently slated for March 2021, will see an increased flow of credit with the potential for more Australians buyers to enter the property market.