Property

Prime Minister Scott Morrison has acknowledged that it is “terribly hard” for people to own their own home, as house prices continue to hit new records.

CoreLogic’s latest home value data shows a 1.1 per cent price rise in January added to the highest annual increase since June 1989 of 22.4 per cent.

As the demand for properties for sale remains heightened across the country, REA Group’s latest report anticipates 2022 will see property prices rise 6-9 per cent, down from last year’s ...

Australia’s peak residential building association said the First Home Loan Deposit has “proven to be highly successful” and should be extended to help combat housing affordability and supply ...

More than 200 government-backed loans covering upfront property costs in South Australia have been approved for the 2022 financial year so far, with the state reporting significant demand.

The median house price for Australia’s combined capital cities has hit a high of $1.06 million, but Domain has suggested market growth may have already peaked.

The auction market has kicked off early this year, with 448 homes taken to auction across the capital cities earlier this week – more than double last year’s figures. 

Sales of new detached homes continued to increase for five consecutive months, despite the end of HomeBuilder grants, confirming a strong demand for housing may continue.

The Real Estate Institute of Australia (REIA) said it’s expecting demand for sustainable homes and living to increase over 2022.

The development is expected to provide “essential infrastructure” for residential development in the state’s west.