Property

The current rising rate environment has put 23.9 per cent of mortgage holders now “at risk” of stress, Roy Morgan research has confirmed.

Following the resignation of Ken Morrison late last year, the Property Council of Australia (PCA) has named its fifth chief executive in its 54-year history.

The state government has begun demolishing homes as part of its ‘life-changing’ home buyback program, with 160 homes under review.

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.