Economy

The number of dwellings approved in July contracted by 9.7 per cent over the month and 28.5 per cent over the year, new data from the Australian Bureau of Statistics has shown. 

Climate change has become an important consideration in the property process, with more buyers assessing its potential impact before locking in their desired home.

Financial markets are increasingly expecting the Australian cash rate to slip into negative territory, according to the chief economist of a global investment firm.

The federal election in May this year created a “distortion” in home sales, according to the chief economist of HIA, who noted that the recent quarterly improvement in sales is not ...

Concerns about rising mortgage debt among Australians aged 55-plus have been mounting, with a new report stating that loan balances have ballooned by 600 per cent since the late 1980s.

The Federal Court’s decision to dismiss ASIC’s responsible lending case against Westpac has come under fire, amid concerns that it would set a precedent whereby lenders are not required to ...

BNK Bank has announced the appointment of a new non-executive director to its board.

The supply of new homes is expected to reach its low point soon if economic activity improves, dwelling prices stabilise, and credit tightening eases, according to the Housing Industry ...

The CEO of an ASX-listed mortgage business has seen demand for housing loans “rise significantly” in response to the recent shift in sentiment.  

Australia’s prudential regulator has clarified that, contrary to the views expressed by some analysts, the average balance of housing loans is not representative of the level of household ...