Property market news

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

Unit rental prices see largest fall in over 15 years

House and unit rental prices have fallen across most major capitals, with unit rents in particular falling by the biggest margin in 15 years nationally.

By William Jolly ● July 09, 2020

How COVID-19 is changing Australian home ownership goals

Months of being stuck in isolation has made Australians crave more outdoor space and a dedicated home office, a new study reveals.

By Emma Duffy ● July 06, 2020

Using HomeBuilder? Here's how you can finance your construction

Thinking of using the new HomeBuilder scheme to build or renovate a property? You’ll need to work out how you can finance it first, since the $25,000 grant from the Government only scratches the surface of the overall cost.

By William Jolly ● July 02, 2020

House price falls accelerate in Melbourne as state faces COVID lockdowns

National property prices have fallen for the second month in a row, led by Perth and Melbourne, as the state of Victoria faces a second wave of infections.

By Emma Duffy ● July 01, 2020

First Home Loan Deposit Scheme: High demand expected for round two

Buyers are being urged to get in quick for the second round of the First Home Loan Deposit Scheme, with banks expecting a rush of applications.

By Emma Duffy ● June 29, 2020

Sydney, Melbourne and Brisbane's most affordable and liveable suburbs revealed

A new report has revealed some of the most affordable and liveable suburbs in some of Australia's capital cities - Sydney, Melbourne, Brisbane and Hobart.

By William Jolly ● June 25, 2020

NSW launches ratings for developers in wake of HomeBuilder grants

Today the NSW Building Commission announced a ratings system for apartment developers to "weed out" dodgy developers after HomeBuilder was launched.

By Harrison Astbury ● June 22, 2020

Home construction ranks as the second biggest driver of jobs

Residential construction could be a key sector in Australia's post-COVID-19 economic recovery, with a new report showing it is the second biggest driver of jobs in the economy.

By William Jolly ● June 19, 2020

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