Property market news

Housing finance rebounds in June after fall in May

The value of new loan commitments for housing rose 6.2% in June, seasonally adjusted, after a sharp fall of 11.6% in May.

By William Jolly ● August 05, 2020

How accurate were Australians' COVID house price predictions?

Most Australians predicted property prices would fall in 2020 back in April, but a fair chunk of them were well off the mark, according to new data.

By William Jolly ● July 31, 2020

Melbourne and Sydney apartment rents fall 2% during COVID-19

Asking rents for apartments in the country's two biggest cities have fallen by 2% during COVID-19, new data shows.

By Emma Duffy ● July 28, 2020

Government taxes make up one third of Victorian home buyer costs

Victorian home buyers are handing up to a third of the purchase price of a new home to the government, a new report reveals.

By Emma Duffy ● July 27, 2020

Unit prices slip lower in every capital city over June quarter

All major capital cities saw unit prices fall across the June quarter, while only Adelaide, Canberra and Hobart saw an increase in house prices, new research shows.

By William Jolly ● July 23, 2020

Rents plummet in Sydney and Melbourne amid record oversupply of properties

An oversupply of properties is making it cheaper to rent in Australia's biggest capital cities.

By Alex Brewster ● July 20, 2020

First home buyers considering regional property during COVID-19: ME Bank

First home buyers are eyeing off COVID-19 bargains in regional areas, a new report has revealed.

By Emma Duffy ● July 16, 2020

Did HomeBuilder cause new home sales to soar in June?

Following a record low in May, sales of new homes in June soared by more than three-quarters amid the introduction of the HomeBuilder scheme.

By William Jolly ● July 14, 2020

Vendors' pain as a third of Melbourne apartments sell for loss during COVID-19

One in three apartments in Melbourne sold for a loss in the March quarter, as a second wave of the virus and new lockdown measures raise concerns of a bigger hit on the property market.

By Emma Duffy ● July 10, 2020

Home buyers leave the market as lending plunges 11.6%

The value of new loan commitments for housing plunged 11.6% in May - the largest fall in the history of the data series.

By Emma Duffy ● July 09, 2020

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