Australian Property

Mortgage refinancing is very popular at the present time, but research conducted by brokers and analyst Carlos Cacho at investment firm Jarden suggests that many recent borrowers who took out loans with low deposits at the peak of the housing market may struggle to meet the criteria needed to change banks.

Last year, the NSW Government announced that it would abolish stamp duty in favour of land taxes.

The Albanese Government has pledged to build 30,000 affordable homes over the next five years, via its Housing Australian Future Fund.

CoreLogic’s September dwelling value results posted a 1.1% decline across Melbourne, which was the seventh consecutive monthly fall: Melbourne’s quarterly fall in values moderated to 3.7%, which was a slight improvement from the 3.8% quarterly decline recorded in August.

For decades private renters in many countries have spent roughly the same share of income on housing.

Tuesday’s 0.25% official cash rate (OCR) increase from the Reserve Bank of Australia (RBA) will lift the average discount variable mortgage rate to 5.95%, up massively from the 3.45% that presided before the first rate hike in early May.

Resident Greens dill, Max Chandler-Mather, has doubled-down on his demand for a two-year rental freeze followed by a 2% cap every 24 months.

On Tuesday, the Australian Bureau of Statistics (ABS) released construction and new home finance for August, which showed the pandemic building boom has turned bust.

Yes, it’s that time of the cycle again when the RBA pretends that it can “normalise” interest rates only to discover that doing so will crash the financialised edifice that we used to call the economy.

New data from the Australian Bureau of Statistics (ABS) shows that dwelling approvals rebounded 28.1% in August to be down 9.5% year-on-year.

The Productivity Commission (PC) on Friday released a report entitled “In need of repair: The National Housing and Homelessness Agreement”.

It always starts at the margin: Offshore investors of Australian asset-backed securities auctioned $645 million of bonds last week in an apparent rush to raise cash amid signs the British pension fund crisis threatens to spill over into local credit markets.