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Sydney, Melbourne drive housing value downturn over June

Australia’s two largest cities reported losses of over 1 per cent during the first month of winter, according to a new CoreLogic analysis.

Sydney, Melbourne drive housing value downturn over June
Housing prices cool at fastest rate in over 30 years

The first month of winter was one where value growth continued to freeze, marking Australia’s “sharpest slowdown” in more than three decades.

Housing prices cool at fastest rate in over 30 years
40% leveraging home equity to get ahead on repayments: NAB

Over four in 10 home owners are using the equity in their home to get ahead on their mortgages, a NAB survey has found.

40% leveraging home equity to get ahead on repayments: NAB
More than 20% of homes sell for more than $1m

A record number of Australians spent $1 million or more to secure a home in the past year, according to new CoreLogic data.

More than 20% of homes sell for more than $1m
Outright ownership falls over 25 years: ABS

The proportion of Australians who completely own their property has fallen by 11 percentage points according to the latest census data.

Outright ownership falls over 25 years: ABS
Victoria appoints new Minister for Housing following reshuffle

The Andrews government has rejigged its cabinet and several senior ministers, including housing, following a swathe of resignations.

Victoria appoints new Minister for Housing following reshuffle
Auction activity continues to fall, clearance rates lift marginally

A total of 2,358 auctions were held last week, down 6.7 per cent from the previous week, according to preliminary CoreLogic data.

Auction activity continues to fall, clearance rates lift marginally
LATEST PODCAST: Stamp duty v property tax

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

LATEST PODCAST: Stamp duty v property tax
Housing lifts household wealth to record figure: ABS

Australia’s household wealth has reached $14.9 trillion largely due to house price momentum, yet quarterly growth has continued its recent downward trend.

Housing lifts household wealth to record figure: ABS
NSW stamp duty reform should go further: Domain

Domain has said the state’s new housing measures could be a promising first step to improve affordability, after Sydney prices surged by 40 per cent over the pandemic.

NSW stamp duty reform should go further: Domain
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