Property

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.

The total number of dwelling units commenced spiked in the December quarter, driven by a 20-year high in detached house starts, according to data.

Consumer expectations of further house price growth have surged to their highest level since 2013, while buyer appetite for purchasing a dwelling has dipped, according to data.

The federal government said it is pleased that higher confidence levels have led to a strong housing market but said that it is “keeping a close eye” on the market.

More than 2,000 homes were taken to auction last week, despite last Monday being a public holiday, CoreLogic data shows.

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