Property

The major bank is financing a green loan worth $130 million to Australia’s “first build-to-rent development”.

A home-buying start-up has announced that a couple are the first clients to own their home outright under its rent-to-own model.

Australian housing affordability is expected to keep deteriorating after falling for the last seven months, with Sydney facing its lowest point in 10 years.

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.