Property

Preliminary ABS data has revealed that the value of residential construction work done has declined in the September quarter to its lowest level since 2014.

There were a total of 1,791 auctions held last week, the highest number of auctions held since the week before Easter.

The average mortgage interest rate paid by households is expected to continue to decline “for a while yet”, according to the central bank.

The Victorian government will deliver a “historic” $5.3 billion Big Housing Build to construct more than 12,000 new homes throughout metro and regional Victoria, it has been announced.

The residential vacancy rate across Perth declined slightly in October, coinciding with a drop in new investment financing.

While the strong shift in demand for detached housing has persisted, the cancellation rate of new home projects has increased slightly, new figures have shown.

A fragmented property ownership platform has launched a ‘buy now, pay later’ offering for on-title property ownership.

The corporate regulator has released a report on its licensing and professional registration activities for 2020, including the impact of the COVID-19 crisis.

Capital cities continue to recover from the effects of COVID-19, with auction volumes rising again last week, CoreLogic figures have shown.

Australian home builders have built bigger homes over the past year even before the onset of COVID-19, but the pandemic could accentuate this demand, according to research.