The Australian National Government Scrapped the First Home Saver Accounts Scheme : Aveling Homes
The Abbott government officially decided to remove the First Home Saver Accounts scheme from its 2014 budget. The decision was made due to low initial interest from consumers. Only 46,000 accounts were opened in total by the end of 2013.
Aveling Homes on Australian Lending Margins
The top four Australian banks have reported extremely low lending margins in 2014. They are slowly nearing the all-time low of 2.05 per cent in 2008. According to PwC, Australia’s Big Four Banks dropped 5 basis points to 2.08 per cent over the past six months.
Aveling Homes on Australia's Pending Construction Boom
Retail spending and housing construction are two areas that are responding to low Australian interest rates.
National House Building Programs Poised to Be Scrapped: Aveling Homes
The National Rental Affordability Scheme (NRAS) is primed to be cancelled in the Abbott government’s new federal budget.