Property

Ratings agency Fitch has raised its forecast house price movements for Australia, predicting prices will escalate by as much as 16 per cent in 2021.

The non-bank lender has settled more than $1 billion for the first time in the 2020-21 financial year.

Housing supply is failing to meet demand as active listings recorded their largest year-on-year decline, new figures have shown.

Refinance settlements surged above June 2020 levels in June 2021 in NSW and Queensland despite a double rate cut in March 2020, according to PEXA data.

The number of new houses that commenced construction in the March 2021 quarter was over 40 per cent higher than the same time last year, according to new data.

It is now cheaper to service a mortgage than pay rent on a larger proportion of properties compared with pre-COVID-19 crisis, according to new research.

Sydney auction volumes were down 17 per cent from the initial predicted count, while over 70 per cent of properties sold prior to auction amid the ongoing lockdown.

Amid multiple lockdowns, preliminary weekly sales over the first 27 weeks of 2021 were 60 per cent higher than 2020 and almost 70 per cent higher than 2019, according to new data.

A survey has found that the majority of Australians believe Chinese investors are driving up housing prices and have made it harder for locals to buy their first home.

Properties sold before and after auctions spiked in Sydney and Melbourne during lockdowns compared with the last five years, according to a report.