Seven of the top 10 Airbnb hosts in Australia are in NSW with the highest earner in Sydney raking in $5.3 million a year across 247 properties.Read More
APRA is still concerned about the size of the mortgages consumers are taking on despite the banking regulator's intervention having curtailed housing market risks.Read More
Genworth Mortgage Insurance says regulatory intervention in the home loan market is squeezing margins, after its third-quarter profit fell by almost a third.Read More
Growing risks in the Australian property market.Read More
The head of Australia's biggest bank says he is prepared to front up to any inquiry parliament or the government sets up to investigate the sector.
Commonwealth Bank CEO Ian Narev is scheduled to make a second appearance before the House of Representatives economics committee in March as part of its regular review of the banking and financial system.
The Reserve Bank of Australia has downplayed Brexit fears but economists expect another weak local inflation print to pave the way for an interest rate cut next month.
In the minutes of the July meeting, released on Tuesday, the central bank said updates on consumer prices, the jobs market and housing activity in the coming month would be important.Read More
Fewer than half of Australians could own their own home by next year, a new report shows.
The Melbourne Institute report author Roger Wilkins says the high cost of real estate is putting pressure on the younger generations, while older generations benefited from the large increases in house values.Read More
The mood among housing market professionals soured ahead of the election, but confidence about the coming couple of years has picked up.
National Australia Bank said its Residential Property Index fell further below its long-run average in the June quarter.
Aside from the final quarter of 2015, it was the lowest ebb for the index since late 2012.Read More
The strong domestic economy and labour market may lead the Reserve Bank to hold rates steady in August, a survey suggests.
The National Australian Bank monthly business survey shows business confidence, trading, profitability and conditions all rose in June, despite concerns about UK's exit from the EU and Australia's federal election.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
With the federal election behind it, the housing market has shifted back into overdrive.
The number of auctions in the mainland state capitals jumped to 1,365 last week, according to housing market analytics firm CoreLogic.
That was up sharply from a below-par 841 the previous week, which included the day of the election.Read More
Housing rents have suffered the biggest annual decline on record, dragged down by steep falls in mining cities.
Weekly rents across capital cities are 0.6 per cent lower over the year to June, according to the CoreLogic RP Data rental review.
That's the sharpest fall for two decades, dating back to 1996 when the series began.Read More
A downgrade of Australia's triple A credit rating downgrade could lead to higher mortgage interest rates, but also trigger Reserve Bank rate cuts.
Standard & Poor's has lowered its outlook on the country's credit rating from stable to negative, meaning there is a one-in-three chance of a downgrade within two years if the run of budget deficits looks set to continue.Read More
NSW domestic violence victims looking to flee an abusive partner will be given the power to end their rental contracts faster under proposed new laws.
Currently, victims on a fixed lease need to give their landlords two weeks notice, with potential liabilities, and provide a final AVO, which can take up to 12 months to obtain, before they can break their contracts.Read More
The Reserve Bank has held the cash rate at a record low of 1.75 per cent.
RBA governor Glenn Stevens said given weak domestic inflation, the ongoing transition away from mining and recent market volatility following the Brexit vote it was "prudent" to hold rates in July.Read More
The Reserve Bank is set to hold rates steady amid uncertainty about the federal election result and the Brexit vote.
All 12 economists surveyed by AAP expect the cash rate to be held at an all-time low of 1.75 per cent when the central bank meets on Tuesday.Read More
Capital city dwelling values rose a half per cent in June, led by Sydney and Melbourne.
The CoreLogic June Home Value Index results shows gains of 1.2 per cent in Sydney and 0.8 per cent in Melbourne.
All but one of the other state and territory capitals recorded falls, the exception being Hobart, where values rose by 1.8 per cent.Read More
Housing debt passed $1.5 trillion in May despite a slowdown in lending to investors.
It seems like only yesterday that Australia's housing debt was a trifling $500 billion but it was actually 13 years ago.
Since then, it's risen by another trillion, reaching $1.564 trillion in May according to Reserve Bank data on Thursday.
Most people who sold their home in the first quarter of 2016 made a profit, with the average gain around $240,000 a new report shows.
Of the homes sold in the first quarter, nearly 91 per cent were sold at a profit, according to the "Pain and Gain" report from market analysis firm Corelogic.Read More