Property

New home sales slumped in November, as rising rates place a stranglehold on new construction, latest HIA data has revealed.

People can’t pay the same prices for properties now as borrowing capacities become a bigger problem, a PropTrack executive has explained.

Mortgage arrears have remained resilient to multiple interest rate rises, but holiday spending could see the tide turn, latest data has revealed.

The total value of Australia’s residential dwelling has continued to fall from its $10 trillion peak, down to $9.6 trillion in the September quarter, the latest data has revealed. 

Average property prices are still on track for a ‘top to bottom’ fall of 15–20 per cent, AMP’s Shane Oliver has confirmed.

The Palaszczuk government’s plan to broaden housing opportunities has been hailed by the Real Estate Institute of Queensland.

Australia’s annual inflation rate for October eased, which could “pose a dilemma” for the RBA governor ahead of next week’s meeting, economists discuss.

National dwelling values in November have seen the smallest monthly decline since June, according to the latest CoreLogic Home Value Index.

While economists remain divided on how much inflation and the cash rate will lift, there’s consensus that both will increase.

Despite property prices falling this year, it would cost a Queensland borrower 40.3 per cent of their income to service a new mortgage, according to a new report.