The dream of owning a home could be a realistic New Year's resolution for many West Australians with the state government boosting the first homebuyers grant to $15,000 and making changes to the Keystart loan scheme.
It takes the average Australian couple more than four years to save up for their first home deposit, with Sydney topping the list with a staggering eight years, a new report reveals.Read More
The number of home loans in arrears is starting to go up despite low interest rates and stable levels of unemployment, ratings agency Standard & Poor's says.Read More
Home loans for owner-occupiers rose 0.9 per cent to $19.9 billion in September.Read More
The proportion of home-buyers more than 30 days behind on their repayments had reached a three-year high by the end of May.
And it is likely to have gotten worse since.
The causes are economic - and will push mortgage delinquencies even higher.Read More
Home loan approvals fell in July, suggesting investors are driving the recent pick-up in housing demand.
The number of home loans approved dropped 4.2 per cent in the month and the total value of housing finance was down 1.8 per cent, according to the Australian Bureau of Statistics.
The value of owner-occupier home loans slumped 3.1 per cent, but the value of investor loans rose 0.5 per cent.Read More
Territorians looking to buy an existing property as their first home will be eligible for a $24,000 grant from September 1 if Labor wins Saturday's election, Labor promises.
Opposition Leader Michael Gunner on Tuesday said the grant would apply to properties worth up to $650,000, while people buying a newly constructed home would still be eligible for a $26,000 grant.Read More
New homeowners are on the rise in NSW with latest figures showing an 11 per cent increase in first homeowner grants over the last financial year.
The NSW government made the announcement on Thursday with Treasurer Gladys Berejiklian attributing the rise to an increase in supply in houses and apartments.Read More