Property

More people are “living in cars” as higher rents and the fixed-mortgage ‘cliff’ approaches, charities have told a Senate hearing.

Despite the value of new mortgages falling from record high levels earlier in 2022, refinancing has held strong, hitting its second highest level on record.

Building approvals for units lifted more than 55 per cent in December, contributing to a surge in approvals for December, the latest data has revealed. 

The Australian Housing and Urban Research Institute has told a Senate inquiry that Australia needs more affordable housing investment.

National home prices have dropped once again in January, although according to Home Value Index from PropTrack and CoreLogic, declines are easing.

Domestic Violence NSW is embracing pre-election bipartisan plans to help ‘survivors’ become first home buyers, chief executive Delia Donovan has said.

Ditching stamp duty alongside a new visa for skilled migrants is among the calls the Housing Industry Association has made ahead of the federal budget.

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.