Property

Australia’s two largest cities reported losses of over 1 per cent during the first month of winter, according to a new CoreLogic analysis.

The first month of winter was one where value growth continued to freeze, marking Australia’s “sharpest slowdown” in more than three decades.

Over four in 10 home owners are using the equity in their home to get ahead on their mortgages, a NAB survey has found.

A record number of Australians spent $1 million or more to secure a home in the past year, according to new CoreLogic data.

The proportion of Australians who completely own their property has fallen by 11 percentage points according to the latest census data.

The Andrews government has rejigged its cabinet and several senior ministers, including housing, following a swathe of resignations.

A total of 2,358 auctions were held last week, down 6.7 per cent from the previous week, according to preliminary CoreLogic data.

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

Australia’s household wealth has reached $14.9 trillion largely due to house price momentum, yet quarterly growth has continued its recent downward trend.

Domain has said the state’s new housing measures could be a promising first step to improve affordability, after Sydney prices surged by 40 per cent over the pandemic.