Home values have fallen at their fastest monthly rate in almost four years as an economist suggests prices could grow more slowly than incomes for a decade.
Canberra's property market has recorded its third consecutive monthly decline, with home prices falling 0.5 per cent in July according to the latest PropTrack Home Price Index.
The July fall was one of...
Some Australian mortgage holders have been paying millions of dollars extra on interest payments because banks failed to manage offset accounts properly, the financial watchdog has found.
Recent falling house prices have barely eroded an affordability gap that has built up over years of rising values, as experts warn much more time is needed.
Extra funding for enabling infrastructure in the budget will offset a shortfall in housing supply due to a controversial tax package, the government says.
Mortgage holders are set to be cumulatively worse off by hundreds of dollars a month in interest payments since February after another Reserve Bank rate hike.
Mortgage holders face higher borrowing costs after the Reserve Bank raised interest rates to counter an expected surge in inflation fuelled by the Iran war.
Cutting migration is often touted as the solution to improving Australia's housing crisis but researchers say there are more effective ways to fix the problem.
Investor activity in Canberra has dipped in recent years, but most sellers are still walking away with a profit, according to the latest PropTrack Terri Scheer Investor Report, released today.
Abolishing "terrible" stamp duty would help arrest the loss of affordable homes, with lower-end properties growing in price faster than the rest of the market.
The Reserve Bank has cut interest rates for a third time in six months in a widely anticipated move that will boost mortgage holders' finances and home prices.
The federal opposition plans to move a motion in the upper house to stop the government's Build to Rent housing program, but the property sector isn't happy.
