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After the property market has witnessed a lull in activity as a result of the COVID-19 outbreak, South Australia is expected to experience a “mini property boom”, aided by the federal and state government support for new homes. The government’s support for new homes c...
Read MoreUnemployment is expected to rise to its highest rate in almost thirty years, with new figures forecasting the rate to increase from 5.1 per cent to 10 ...
Read MoreHomeowners were reselling their properties for more than $600,000 above the prices they paid for them in pockets of Sydney before coronavirus hit. An analysis of sales recorded over the December quarter showed about 92 per cent of Sydney vendors made a profit on their resales, but the ...
Read MoreAny Australian who is granted a six month deferral on loan repayments on their mortgage or other credit products, such as a credit card, will not have their credit rating affected as a result of that deferral, provided they were up to date with repayments prior to COVID-19. </p...
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There will be no further delays to the introduction of a code that will make it easier for landowners and developers to build terraces and other medium-density homes, NSW Planning Minister Rob Stokes says. Despite the medium-density housing code coming into force ...
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Amid the spread of coronavirus, the past few weeks have seen increased expectations of an Australian recession, a slowdown in business activity and trillions of dollars wiped off global share markets. It has many asking what the impact of the coronavirus would be on Australian residential prop...
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with global stock markets swinging wildly from one extreme to the other as the coronavirus Covid-19 continues to spread, investors are feeling cold feet. canvas-atom canvas-text Mb(1.0em) Mb(0)--...
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Our nation’s capital might have a reputation for its umpteen roundabouts and bland politicians, but Canberra is shaping up to be a rare real estate beast that is proving profitable both in the long and short term. “It can be very attractive for investors who are looking at ...
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Oscar Ledlin went from washing dishes in a Thai restaurant at the age of 14, to pushing barrows of concrete at 18, to building a multimillion-dollar commercial construction company by 21. “I wanted to have a $50 million development portfolio before retirement,&rd...
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Sydney is set for a fresh property boom, with both house and apartment prices predicted to skyrocket, passing the 2017 peak and chalking up record prices by the e...
Read MoreThe Reserve Bank of Australia has cut official interest rates by a quarter of a percentage point to a fresh record low of 0.5 per cent as it attempts to protect the Australian economy from the financial fallout of the coronavirus outbreak. Westpac was the first of the major banks to re...
Read MoreThe buzz for first home buyers come January 1 is that thanks to the First Home Loan Deposit Scheme they might just get onto the property ladder sooner – and with a bite-sized deposit. But with the scheme limited to 10,000 in the first half of the year, combined w...
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A series of nine high-rise towers, ranging from eight to 26-storeys, has been approved as part of Malaysian conglomerate Mulpha’s $1 billion masterplanned residential proposal for The Greens in Sydney’s Norwest. The project will deliver a total of 864 residential apartments...
Read MoreThe federal government has announced it will put billions of dollars towards significant projects across the country, accelerating major infrastructure...
Read MoreLow stock levels are pushing up prices for middle- and upper-range houses across the eastern seaboard as competition mounts before the end of the year. In Sydney's leafy Mosman, an investor paid $15,000 over r...
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A collection of 32 prominent business and sports personalities have urged premier Annastacia Palaszczuk to commit to south-east Queensland's bid for th...
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The hardest part of buying a property in Australia isn't necessarily affording the sky-high prices – it's mustering up enough cash to cover a 20 per cent deposit for a loan. The hardest part of buyi...
Read MoreThe Reserve Bank has driven its official cash rate below 1 per cent for the first time as it battles to head off rising unemployment and stimulate a stalling economy. The Reserve Bank has dr...
Read MoreReserve Bank governor Philip Lowe has signalled further cuts to interest rates as early as next week to keep ahead of tumbling global rates while urging the nation's businesses to use the abundance of cheap money to expand and hire more staff. post-cont...
Read MoreThe Commonwealth Bank, the nation’s biggest lender, slashed its fixed rates by up to 90 basis points across its mortgage range as the battle for market share among the major banks intensifies. The C...
Read MoreProperty developer Ralan Group's collapse has left thousands of investors facing financial ruin https://www.abc.net....
Read MoreDemand for mortgages is starting to rise reveals the latest Australian Bureau of Statistics figures. <div clas...
Read MoreDemand for mortgages is starting to rise reveals the latest Australian Bureau of Statistics figures. <div clas...
Read MoreThree more lenders have announced cuts to their interest rate floors for home loan serviceability assessments in response to APRA’s new guidance. Bendigo and Adelaide Bank, the Bank of Sydney and Au...
Read MoreA big four bank has updated its home loan serviceability assessment policy in response to APRA’s regulatory amendments. ...
Read MoreA key constraint on borrowing limits that were put in place during the property boom has been removed by the banking regulator. It's another move that may stimulate the soggy mortgage market. <section class=...
Read MoreThe housing recovery is gaining momentum as buyers, buoyed by better borrowing conditions, stake their claim in a smaller pool of homes on the market. _2...
Read MoreThe Australian Prudential Regulation Authority has removed the serviceability buffer that required banks to assess all borrowers against their capacity to repay the loan at 7 per cent. The change – effective immediately – was https://www.afr.com/business/...
Read MoreThe Reserve Bank has cut the official cash rate for the second month in a row to a fresh record low of 1 per cent as it desperately tries to pump some juice into Australia’s stalling economy.<...
Read MoreAuction volumes across the country last week recorded their strongest numbers in 12 months. Auction volumes across the country last week recorded their strongest ...
Read MoreAre you a home owner looking to buy an investment property? You may be able to use the equity in your home as a deposit to buy the property without using your own cash. post-content s...
Read MoreInvestment activity in the Gold Coast office market was subdued in 2018 with few assets on offer, although Knight Frank expects the tide to change this year with around $90 million in assets hitting the market in 2019's first quarter. post-content singl...
Read MoreSydney and Melbourne dwelling values have now recorded respective falls of 14.5 per cent and 10.9 per cent since peaking in late 2017. But, ...
Read MoreIn a move that is most likely to benefit owner-occupiers and the wider property market, the Australian Prudential Regulation Authority is proposing the 7 per cent serviceability buffer on home loans be removed. https://i.postimg.cc/sfYGzdq2/27936fa7-30...
Read MoreProperty markets across the country have been given a shot in the arm, with Australia’s banking regulator announcing its plans to relax the assessment rate for home loans. p...
Read MoreThere was very little directly related to housing in this year’s Federal Budget, however regional Australia is the clear winner. There was very little directly related to housing in this yea...
Read MoreThe first CoreLogic Quarterly Rental Review for 2019, which tracks median rents and rental yields across Australia, shows that national weekly rents have risen by ...
Read MoreState and local governments collected a whopping $30.293 billion worth of property tax revenue over the 2017-18 financial year. If you were to compare these statistics to what was published last year, the figure...
Read MoreThe NSW State Government have announced plans to change stamp duty price brackets. From 1 July 2019, stamp duty price brackets will be pegged to CPI (Consumer Price Index) resulting in savings for property buyers. Initial savings would be anywhere between $200 to $600 with those saving...
Read MoreAustralian property values fell $133.1 billion in the December quarter, with capital city home prices down an average of 2.4 per cent across th...
Read MoreANZ Banking Group is loosening some of the clamps it put on interest-only mortgage lending in 2017, after pledging to reopen the door to property investors following a period of excessive caution. The big four lenders on Thursday said it would again start offering customers an interest...
Read MoreThe Australian banking regulator will remove restrictions on interest-only mortgage lending for some Australian banks from ...
Read MoreA significant drop-off in apartments in the construction pipeline has dragged down the number of buildings approved across the country in February, according to the latest data from the Australian Bure...
Read MoreThe regulatory clampdown on Australia’s heavily-scrutinised banks is now “largely done”, according to overseer Wayne Byres, who has declared “the heavy lifting on lending stan...
Read MoreEveryone loves a great deal, which is why home builders may be tempted by the idea of getting two homes for the price of one. Although it costs more to build a duplex than ...
Read MoreLenders have successfully met the macroprudential limits set by the Australian Prudential Regulation Authority (APRA) in March 2017, halving the category in the D...
Read MoreIn NSW, returns from regional properties were almost double those in capital cities The CoreLogic total returns...
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