The change is expected to benefit more than 736,000 households, easing the financial strain of moving by removing the need to pay a double bond.

The event is expected to draw over 1500 High Net Worth Individuals (HNIs) from India's leading corporates, promising substantial economic and business benefits for Australia.

This would increase demand for rentals in the city and reduce the supply of owner-occupier properties in the regions, worsening the affordability of both.

RBA emphasised its commitment to closely monitor global economic developments, domestic demand trends, and the labor market outlook.

The problem home buyers face is that what qualifies as a “substantial renovation” is uncertain.

The bank has always aimed at the midpoint of the target as the most likely way to ensure inflation averages within it.

Growth in the Australian economy has slowed, with growth over the next couple of years expected to be below trend.

This will generate an additional $455 million in Budget revenue over the forward estimates.

The national fall in home values was driven by sharp monthly declines in Sydney (down 1.6 per cent) and Melbourne (down 1.1 per cent)

"no truth to the rumours" about financial struggles within the company, says Metricon.