Property

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.

House price growth rates in Canberra, Hobart, Darwin and Adelaide are among the top third for cities across the world, according to a new report.

Australia’s housing market jumped by 1.9 per cent in June, taking annual growth for the last financial year to 13.5 per cent.

The number of dwellings approved for building fell by 7.1 per cent in May, dragged by a drop in house construction across Australia, according to the ABS.

A survey has found that the percentage of property industry respondents expecting a rate hike over the next year has doubled since March.