Property

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.

Increased borrowing costs and tight serviceability requirements have contributed to a decline in new housing lending, with further reductions expected.

First home buyers in NSW can choose between stamp duty and property tax from today, as the First Home Buyer Choice comes into effect.

The first Aboriginal first home buyers to come through the ‘Jalbi Jiya’ program are proving the model’s success, the state government has announced.