Property

Property markets around Australia kicked off to a strong start, with capital cities recording the busiest January for new properties listed in eight years, according to REA Group’s latest ...

The Commonwealth Bank of Australia’s transaction balances soared to $317 billion – after taking $94 billion home loans in the six months ended 31 December.

Australians spent more than $688 billion on property in 2021, growing a “massive” 57 per cent in 2021 – according to PEXA’s latest report.

The big four bank has predicted house price growth will moderate later in the year, in tandem with the Reserve Bank of Australia kicking up the cash rate.

The number of cleared properties is continuing to trend upwards, according to new CoreLogic auction data, yet it remains down from last year.

The real estate body’s president has become the latest to support a larger scheme, suggesting it would stimulate home buying, supply and jobs.

While most states saw a decline in residential construction approvals over December, apartments and units boosted NSW dwellings by around a third.

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 ...