Property

National residential property listings dropped by 6.3 per cent in May, while asking prices continued to climb.

Dwelling construction approvals fell by 8.6 per cent in April, dragged by a large fall for apartment developments in Victoria.

More than half of all Millennials said they intend to buy a house within the next five years, but an equal number reported not having a regular savings plan, according to the CBA.

Housing values rose by 2.2 per cent over May, continuing the steady climb from the month before, according to CoreLogic.

Victoria’s lockdown 4.0 failed to dampen the auctions market in Melbourne last week, although volumes were slightly lower than previously predicted, according to CoreLogic.

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

The roller-coaster ride of Perth’s sales activity continues following the most recent double-digit decline.

A buyer’s agent has told rookie investors to exercise caution around the property value boom across regional Australia, warning that some locations will not reap success for the long term

The national housing body has offered new funding approaches to delivering social and affordable housing in a research paper, which it said could cut costs by 80 per cent.

There were just under 2,900 homes taken to auction across the capital cities last week, with a clearance rate of just over 78 per cent, CoreLogic figures have shown.