Property

Weekend auction markets are set for a well-earned break for the Easter holidays, with the next phase of autumn selling set to generate more record-breaking results.

The lender has forecast a sharp rise in house prices in 2021, but warned of looming lending restrictions, which could dampen growth in 2022.

Profitability in dwelling sales reached above pre-COVID-19 levels in the December quarter, coinciding with a rise in national dwelling values, new research showed.

Last week marked the busiest auction week since the first week of April 2020, while the preliminary clearance rate held at above 80 per cent, according to statistics.

Non-profit organisation Homes for Homes has announced that it will provide $200,000 to social housing projects in ACT after receiving new funding.

Home buying spending intentions rose further in February, with the home buying market expected to play a key role in supporting the economy in 2021, according to CBA research.

Auction volumes spiked across the combined capital cities last week to the second highest number of weekly auctions over the year-to-date, according to figures.

Sydney property prices have recovered from a slump in 2019 and during the COVID-19 crisis to reach a new record high, according to CoreLogic.

The digital property settlement service provider has formed a funding partnership with an organisation that tackles homelessness in Australia.

Housing affordability in regional Australia has deteriorated amid the shift in preferences for regional areas during the COVID-19 crisis, according to HIA data.