Property

Housing value growth across Australia’s capitals hit a handbrake over the March quarter, echoing calls that the country’s property boom is freezing.

Metropolitan Australia has largely experienced a rise in new loans over the March quarter, according to new findings by the digital settlement platform.

A Sydney-focused think tank has called for the federal government to roll out a “real long-term strategy” to make housing more affordable.

The community housing body has released its 2022 election platform, announcing a need for all federal parties to focus further on affordable housing.

Prime Minister Scott Morrison has promised higher property price caps for new buyers under the Home Guarantee Scheme from July.

The end point of the 25-year “supercycle boom” in property prices may be nigh, AMP’s chief economist Dr Shane Oliver has suggested.

Industry sentiment around residential housing has slipped, with looming cash rate rises expected to be the dominant weight dragging house prices.

The social housing non-profit has revealed that its fifth round of funding will cover projects based in NSW and Western Australia.

The major bank’s figures suggest that home-buying ambitions grew consecutively over March, yet they still remain down from last year.

The percentage of properties failing to sell at auction has again increased, during what was the “busiest auction week” of 2022 so far.