Property

Over half of all house hunters spent less than an hour inspecting the property they eventually purchased, while many discovered issues after moving in, a survey has shown.

Vacant residential land prices in Victoria could soar over the next year as land becomes scarce, according to a real estate agency director.

New data released by CoreLogic has found that the rising costs of apartments and houses are leaving apartment owners unable to upgrade.

Mortgage delinquency rates are tipped to increase moderately over the rest of the year, with Moody’s expecting economic aftershocks to linger from the lockdowns.

Housing sales volumes have picked up, with more activity forecast as more buyers exit lockdown according to a new report from REA Group.

Dwelling construction was up by 23.2 per cent in the June quarter, with the construction industry reporting “resilient” new home sales since HomeBuilder ended.

First home buyers could find their “dream homes out of reach” under serviceability changes, according to auctioneer Tom Panos and Momentum director Phillip Tarrant.

Last week was the busiest auctions week since mid-July, with over 2,700 homes going under the hammer across the capital cities, according to new data.

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.