The housing industry has backed a new report into housing affordability calling for more supply but has cautioned against a cut in the migration intake to solve the problem.
The Grattan Institute think-tank report criticises governments over the past two decades for creating a housing mess by taking easy options rather than addressing the real problem of supply.Read More
First home buyers are regaining a foothold in the housing market, enjoying their biggest share of new mortgages in almost five years.Read More
Brisbane home owners who deliberately leave properties vacant will be taxed to fund affordable housing for the homeless under a Queensland Greens proposal.Read More
New home sales continue to slump but have yet to reach their low point.Read More
CSR has lifted first-half profit 3.7 per cent to $118.7 million as the building products supplier benefited from a solid east coast residential housing market.Read More
Dual income households are putting a bigger slice of their monthly wages into mortgage repayments.Read More
The number of home loan approvals rose 0.9 per cent in November, beating market expectations of a 0.3 per cent fall.
Melbourne was the only capital city where home prices rose last week, but those seeking clues about housing affordability in 2017 may want to widen their search beyond those numbers.
Building approvals outside high rises have slightly softened, suggesting that any fall in home prices as more property comes onto the market will be gradual rather than a big crash.Read More
The number of home loans approved fell 1.0 per cent in May, beating market expectations of a 2.0 per cent drop.
The value of total housing finance rose 1.0 per cent in the month, seasonally adjusted data from the Australian Bureau of Statistics shows.Read More
A larger-than-expected drop in building approvals isn't overly concerning because demand for detached homes remains solid, economists say.
Approvals fell 5.2 per cent in May, worse than market expectations of a 3.5 per cent drop.Read More
New super-tall skyscrapers could be banned in central Melbourne unless they include a park, a childcare centre or an iconic city laneway.Read More
Confidence in the property sector has defied official moves to restrain lending to investors.
A survey of businesses by ANZ and the Property Council shows confidence has been little changed at a high level over the past 12 months.Read More
Mortgage holders should prepare for an inevitable interest rate rise in the next six months, Australia's main finance broker organisation has warned.Read More
The value of new personal loans has fallen 3.1 per cent to $6.62 billion.Read More
Approvals for the construction of new homes rose 3.1 per cent in February, which was better than market expectations of a three per cent rise.Read More
Glenn Stevens is a bit worried about foreign banks lending aggressively in Australia.
Of course, worrying is a big part of a central banker's job.
Sometimes in the world of business and investment, optimism is fashionable.Read More
The number of home loans approved in January fell 3.9 per cent, which missed market expectations of a 2.8 per cent fall.
The value of total housing finance was down 3.4 per cent in the month, seasonally adjusted data from the Australian Bureau of Statistics show.Read More
onsumer confidence has bounced on the back of a more positive outlook about the economy.
The ANZ-Roy Morgan consumer confidence index jumped 3.1 per cent in the week ending March 6, climbing back above its long-term average and reversing a fall of 2.6 per cent the previous week.Read More
The number of home loans approved in November rose 1.8 per cent, which beat market expectations of a 0.5 per cent fall.Read More