Property

As the value of residential property in Australia has continued its fall, first home buyers’ purchases have increased, according to CoreLogic.

The NSW government has made it easier for first home buyers to compare the cost between a small annual property payment or paying stamp duty upfront.

There’s no discernible trend in loan defaults and arrears now, but it is coming, APRA has highlighted.

Addressing barriers to investment in housing will be the subject of the first meeting of the Treasurer’s new investor roundtable next month, it has been confirmed.

The combined capitals preliminary clearance rate held above 60 per cent for the sixth consecutive week, latest Corelogic data reveals.

The chief executive of the Property Council of Australia will resign his post at the end of the year. 

There’s “no reprieve in sight” as home construction — and waste disposal — costs boom, according to CoreLogic’s latest data.

Dwelling prices will fall eight per cent this year and be 15 per cent down peak-to-trough, according to the major bank.

Queensland will not implement its controversial “anti-investor” land tax revisions, following weeks of media and industry criticism — and lack of interstate support.

Federal government housing reform has arrived three months earlier with its Regional First Home Buyer Guarantee starting from 1 October.