There have been a number of recent media articles about the increase in homes experiencing cracking in Melbourne as a result of structural movement caused by the extreme change in weather conditions over the last 12 months. This is particularly prevalent in areas with highly reactive soil types such as in Melbourne’s north and west.

One of the first responses to the Reserve Bank's interest rate cut today has come from Metricon, Australia's leading home builder of detached homes, who called the move "very welcome news". Metricon suggests buyers consider the cost of building a new home with the cost of renting.