Property

A drop in apartment, unit and town house projects dragged the number of dwellings approved to build by 18.5 per cent over March.

The majority of Australians renting could be paying more than those with property loans, according to a new survey released by the non-major bank.

Amid a peak in inflation and a looming cash rate rise, mortgage demand and house prices are tipped to slide earlier than expected.

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.