Property

With auctions recommencing this weekend, property analytics company CoreLogic has warned that the market will likely be off to a slow start.

Five more local government areas have been made eligible for disaster assistance following the continued monsoon activity in the state.

First home buyers have gravitated towards purchasing home in outer metro growth areas as lending costs increase, NAB data has revealed. 

Home loan commitments remained above decade averages across all states and territories except for the Northern Territory, the latest CommSec data revealed.

Half of Australian housing markets saw an annual decline in values last year, with 80 per cent noting declines in the final quarter, according to new data.

As higher interest rates are expected and the property market demand eases, economists expect further price falls in the coming months.

Building activity has been booming, even despite rising interest rates, the latest ABS figures have shown.

Higher interest rates have consumed Australian borrowers’ savings buffers, leaving many at greater risk of mortgage arrears.

Growing settlement figures for December rounded out ‘a big year in property’, the latest PEXA insights have confirmed.

The latest Property Market Indicator released by CoreLogic has revealed a steep drop in the mortgage market.