Property

National home sales fell during May following the changes to the National Construction Code.

A recent survey has found that almost a third of Australians believe they will be paying off a home loan in retirement.

The association has warned of further housing pressures following the latest population growth data.

Despite persisting as Australia’s most affordable state, recent REIA data has confirmed that the proportion of income needed to fulfil both loan repayments and rental payments has increased

Despite predictions expecting the contrary, median house prices across many parts of the country are still rising.

Research from a major bank has suggested these states will see new peaks in house prices over the next year.

Queensland has become the first state to pass the federal government’s share equity scheme legislation.

The proportion of income needed to meet repayments has dropped for the first time since the beginning of 2021, REIA has said.

As supply has continued to undercut demand, the amount of properties listed for sale has plummeted in Perth, according to the institute.

Concerns over interest rate hikes are placing pressure on plenty of Aussies. However, new research has revealed that buyers are more concerned than sellers.