Property

The value of owner-occupier mortgages dropped almost 10 per cent in September, according to the Australian Bureau of Statistics.

Despite monetary tightening, a $6.5 billion (0.5 per cent) increase in loans to owner-occupied housing has aided credit growth, APRA has revealed.

A new program delivered by the NSW and federal governments will offer 2,000 flood-risk home owners to repair, retrofit, or have their home bought back.

Confidence in the housing market bounced back in the last quarter, as the Reserve Bank of Australia eased back on its bumper rate rises.

Auction volumes are again set to drop this week, disrupted by the annual Melbourne Cup carnival, with celebrations kicking off this weekend ahead of next Tuesday’s (1 November) big race.

The housing industry has welcomed the federal government’s Budget 2022/23 that has laid the groundwork to boost supply.

New state government funding has tripled Victoria’s Homebuyer Fund shared equity scheme.

A stabilisation in cash rate changes by early 2023 will likely see the market normalise, a new market report for brokers from NAB has suggested.

The Sunshine State’s Premier has thrown an additional $1 billion towards its home-building fund, after acknowledging the dire housing situation.

Settlements decline proves Australia’s residential property market’s record run is over, PEXA has said.