Property

Residential real estate in Australia is now worth more than $8 trillion, four times the size of the country’s GDP, following a surge in values.

The value of total dwellings approved hit a record high in March, driven by a spike in non-residential building, according to new data.

Increased auction activity has kickstarted the month of May, boding well for the continued strength of Australia’s major auction markets.

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

National house prices reached a record high over the March quarter, while the quarterly gain was the steepest reported in almost 18 years, according to a new report.

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.