Property

Approved residential construction has hit its lowest monthly figure since June 2020, driven largely by a shortage in units, town houses and apartments.

After almost two years of significant housing value growth, every capital city and broad “rest of state” region is trending downwards, according to the latest data.

Despite the interest rate holding steady in 2021, a record number of property owners refinanced, driven by market uncertainty, according to PEXA.

Mortgage stress has dropped across the country over 2021, according to a new report, with rental stress moving the opposite direction.

New loan commitments continued to rise over January — reaching $33 billion — driven by investor lending, the latest data reveals.

The LMI provider has bought a stake in OSQO, a new fintech working to deliver a crowdsourced funding platform for house deposit gaps.

The housing body president has welcomed the analysis, stating that government solutions to address housing supply and affordability are “badly needed”.

The shadow assistant treasurer has said that the ALP is “deeply concerned” with the rising cost of housing, noting that home ownership may be out of reach for some Australians.

Despite annual value growth for both dwellings being at its highest in 33 years, new data suggests the space between is still growing.

Victoria has launched a public consultation into consumer laws in the property sector, giving residents a platform to voice their concerns.