Property

The state’s peak real estate body has urged the Andrews government to consult with property leaders and finance experts to ensure further strain is not placed on the market.

While men have traditionally held more property than women in Australia, the gap is closing, according to CoreLogic’s 2023 Women and Property Report.

The regional shared-equity scheme has helped its first 2,000 new home buyers, yet there’s much more to go.

New building approvals fell by 27.6 per cent in January, the lowest monthly level seen since July 2012, with houses recording their fifth consecutive monthly drop.

Housing supply is already hugely constrained and is only going to get worse, but brokers and non-banks can help, says Brighten’s Chris Meaker.

Worsening financial conditions will motivate elderly home owners to downsize sooner than expected, Bridgit chief executive Aaron Bassin has predicted.

While the general consensus is that home prices across Australia will continue to fall, February data bucked the trend.

Continued cash rate rises will impact mortgagor emotions even further, ANZ-Roy Morgan data has revealed.

Home ownership was at its highest point 57 years ago and is unlikely to reach those levels again as the idea of ‘wealth’ has changed, new research has found.

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