Property

The median income to service a new mortgage has reached a record high for the series, the ANZ and CoreLogic’s new report has found.

It has been recommended that the government’s Help to Buy Scheme bill passes, but dissenters argue the policy is akin to “shuffling deck chairs as the Titanic sinks”.

Despite the increase in March, the level of new home sales was still well below previous quarters, HIA’s senior economist has said.

An increased number of SMEs have fallen into insolvency as growing land taxes have forced landlords to increase rent.

More homes may be built in Canterbury-Bankstown, Lake Macquarie, and the Central Coast after six more stations were volunteered for residential development.

Significantly more auctions were scheduled for this week compared to the same week last year, CoreLogic has found.

New data from the major bank has revealed almost half of new property investors in 2023 were Millennials.

Lending to build or purchase a new home remains at two-decade lows, signalling a more persistent downturn, HIA’s chief economist has said.

The Albanese government has released draft legislation to encourage investment and construction in the build-to-rent sector.

The institute’s president has urged the government to restructure its build-to-rent scheme if it hopes to reach its 1.2 million new homes target.