Renovating and reselling a house is stressful enough without doing it in front of a crowd of 1.4million yet this is what young Victorian couple Josh and Jenna Denston have chosen to do.
The decision by the Reserve Bank of Australia to leave interest rates at three per cent has been welcomed by the Real Estate Institute of South Australia (REISA).
A Rate Cut 'Would Have Aided Affordability for First Home Buyers'
A cut in interest rates would have improved affordability for first home buyers but not enough to encourage them to make a purchase, according to the Real Estate Institute of Australia (REIA).
The month of January saw 3,503 approvals for residential real estate in New South Wales, which contributed to the best 12 month period for approvals in eight years.