Economy

The total dwelling value growth in Australia slowed in the March quarter according to the Australian Bureau of Statistics.

The number of mortgage holders failing to meet repayments has continued a steady climb, the CFR has found.

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With house price growth varying between states, the major bank has unpacked its house price forecast for the rest of the year.

The building association has called for action from the government with the construction industry currently the weakest link in the economy.

The central bank is prepared to increase interest rates should inflation remain persistent, the RBA governor has said.

To encourage first home buyers to build new homes, the South Australian government has removed the stamp duty exemption threshold.

Australia’s economic growth continues to slow, with the lowest through the year growth in almost four years, the ABS has revealed.

‘Subpar’ growth has been called by bank economists ahead of the release of the next GDP print.

The housing shortfall has become the main driver for increased house prices and is unlikely to improve quickly, according to AMP’s Shane Oliver.