Property

As many Australians reconsider their home ownership goals in 2023, Great Southern Bank is reminding borrowers of government schemes to tap into. 

As the year 2022 draws to a close, we recap some of the biggest news stories of the year that impacted the mortgage industry.

While home loan arrears have been resilient to date, property price declines and rising rates will “hurt some borrowers”, sparking mortgage arrears. 

While Australia’s economic growth is expected to take a hit in 2023, bank economists agree that Australia will avoid recession.

The Gold Coast continued to be the crowd favourite among interstate buyers, according to a new report, with southerners being the sought-after location’s top fans.

New analysis has painted the build-to-rent (BTR) sector as “an investment theme not to be ignored” over the coming years.

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.