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Canberra

Law reform and class action considered after Canberra developer 3 Property Group cancels more off-the-plan contracts

Law reform and class action considered after Canberra developer 3 Property Group cancels more off-the-plan contracts

Lawyer Rahul Bedi, front, with clients Sheridan Burnett, Olga Zautner, Wasantha Davidlage, Reece Peart, Mohammad Choudhury and Song Le, who have all had their contracts cancelled by 3 Property Group. A bill to amend legislation around off-the-plan property contracts will be presented to ACT parl...

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Australia is set to restrict home loans to new borrowers in a bid to lower risks in the hot property market

Australia is set to restrict home loans to new borrowers in a bid to lower risks in the hot property market

Sam Mooy, Getty Images Federal Treasurer Josh Frydenberg has confirmed lending restrictions are on their way. Speaking to the AFR, Frydenberg indicated "targeted and timely adjustments" would be made, as credit growth and property prices outstrip wages. Specifically, Australia's financial re...

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House prices rise with regional market outperforming capital cities, CoreLogic data shows

House prices rise with regional market outperforming capital cities, CoreLogic data shows

House prices in regional Australia have risen at a higher annual rate than in capital cities for the first time in more than 15 years, as COVID-19 increases people's desire to live outside the big smoke. Annual data by real estate analysts CoreLogic shows dwelling values in capital cities rose 2...

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