Property

Promoted by NAB Broker New NAB data has revealed how the pandemic has shifted homebuyer behaviour and reinforced the valuable role brokers play in supporting great customer outcomes.

Both auction volumes and clearance rates decreased last week, while new property listings surged across the capitals, new data has shown.

The Commonwealth Bank Household Spending Intentions series has shown that home buying intentions set a new series high in March.

Auction numbers have bounced back following the quieter Easter period, while clearance rates have jumped considerably compared with this time in 2020, according to data.

NAB chief executive Ross McEwan has urged state governments to speed up the development of land for residential construction to ease pressure on supply and cool rising prices.

The federal government has extended the construction commencement requirement for the HomeBuilder grant from six months to 18 months for all existing applicants.

The CEOs of the big four banks have outlined what their forecasts are for house prices over the next few years.

For the US-based chiefs of Citigroup, shuttering the underachieving Australia consumer business could not have come soon enough, says James Mitchell.

The federal government has “a golden opportunity” to help ease homelessness by extending HomeBuilder to social and affordable housing, according to Everybody’s Home.

Applications for HomeBuilder have now closed, with applicants being given until 30 April 2023 to submit all supporting documentation.