With rates dropping there will be those able to service such renovation loans soon.
I not talking 200K plus renos on mansions.Im talking sub 200K on 3 bedroom jobbies.
The flow of liquidity has to start again somewhere once it starts.
If one wants to see more and more medium density rubbish then lets continue the ridiculous SEP 5 crap that Iemma and Sartor started and keep the Triguboffs machine rumbling along.
Encouraging such renos would also encourage growth in small business rather than pushing the Harry Trigubof machine along and creating the loverly looking SEP5 housing starting to pop up in areas it should never have been allowed.
