Market Tipped To Power On
The property market is set to roll on despite some economic support measures coming to an end, defying worries about a looming fiscal cliff, according to top economists. The strength [...]
Banks Reduce Fixed Rates
NAB has become the latest big bank to decrease some of its fixed home loan rates. In recent months, Westpac and Commonwealth Bank have both cut at least one home [...]
APRA Not Worried About Loans
New data suggests changes to mortgage lending rules in the near future are unlikely, despite rapidly-rising home values. APRA data suggests that while the proportion of loans considered to be [...]
Sentiment Back Near 10yr High
The Westpac-Melbourne Institute Index of Consumer Sentiment increased 2.6% in March, with the Index now just 0.2 points below the December level which was a 10-year high. The main factors [...]
Vacancies Tight In Most Cities
Vacancy rates remain below 1% in five of the eight capital cities and are 1.5% in Brisbane, according to the monthly report from SQM Research. Above-average vacancies in Sydney [...]
New Home Sales Surge
Sales of new homes in the three months to February topped last year by 60%, as the Federal Government’s HomeBuilder program boosted demand for detached housing, says HIA’s economist Angela [...]
Big Banks Tip Lengthy Boom
ANZ CEO Shayne Elliott says the housing boom could go on “for quite a while” given the high demand and ease of securing credit. House prices grew nationally by an [...]
FHB Market Share Up 50%
Much of the demand that has allowed property markets to defy the 2020 doomsday predictions has been driven by first-home buyers. The Real Estate Institute of Australia says FHBs increased [...]
Owners Exploit Sellers’ Market
With buyers outnumbering sellers and prices rising, an increasing number of home-owners are planning to put properties on the market. Research commissioned by Westpac surveyed 2,086 Australian home-owners and [...]
Price Rises The Fastest In 17 Years
Australian property values grew at their fastest rate in 17 years in February, with every capital city and all regional markets lifting their dwelling prices. The rare circumstance of [...]