Property

Sales settlements picked back up across all major states, except Victoria, the latest data has revealed.

The government’s interim National Housing Supply and Affordability Council will be led by the chief executive of Mirvac, it has been announced.

More than half of potential future Australian home buyers believe they can afford a standalone house in the next five years.

The Real Estate Institute of Victoria (REIV) called for “renewed focus” on the state’s property sector in the wake of the re-elected Labor government’s cabinet reshuffling.

Paramedics and early childhood educators are now included in the NSW government’s Shared Equity Home Buyer Helper scheme, after the eligibility was expanded.

Surging inflation, eight consecutive interest rate hikes, and deteriorating affordability drove a shift in Australia’s 2022 housing market performance, the end-of-year data reviews.

The number of owner occupied loans fell by more than 20 per cent, as housing affordability worsens, the latest data has revealed. 

New home sales slumped in November, as rising rates place a stranglehold on new construction, latest HIA data has revealed.

People can’t pay the same prices for properties now as borrowing capacities become a bigger problem, a PropTrack executive has explained.

Mortgage arrears have remained resilient to multiple interest rate rises, but holiday spending could see the tide turn, latest data has revealed.