Property

As the global pandemic has pushed Australia’s housing market to new records – property price gains now rank number one on an international scale.

The industry body hopes the move will garner universal political support over improved affordability in the lead-up to the federal election.

RMBS delinquencies have dipped over the December quarter, with the financial services group predicting rates will maintain as the economic growth stabilises.

The big four bank has added two years to its partnership with Head Start Homes, an organisation that aims to help community housing residents into home ownership.

The surge in house prices over the past year has put women on the back foot, according to new CoreLogic research.

Housing affordability kept declining through the December quarter, with research finding borrowers had to use 37 per cent of their income to meet loan repayments.

The major bank’s latest spending intention figures reveal a monthly surge in property ownership ambitions, yet it still remains down from last year.

Researchers have suggested contradictory government policies and surging house prices have locked out younger Australians from the property market.

The major banks’ economists have tipped national house prices will plateau over 2022, after the property boom slowed through February.

The increase marks the only weekly growth for an Australian capital, yet the city’s figure remains down from this time last year.