Mortgage referrers cannot provide advice to consumers, or assist them in any way when applying for a loan, said ASIC
Despite new taxes and Aussie bank lending restrictions on offshore investors, foreign buying surged last year and is expected to grow further this year and next
Net overseas migration accounted for 55% of Australia’s total population growth last year
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Older borrowers previously denied a mortgage may have second chance as ASIC clarifies lending rules
Mortgage defaults may be up and new home sales down, but the Australian property market is unlikely to crash and burn.
The combination of ongoing seller discounting, healthy rental income growth and longer term capital gains means that investors could benefit from the current market conditions.
Sydney's best-performing suburbs for capital growth have been revealed by RP Data - with five suburbs showing value increases of more than 40%.
Residential building activity saw a slight rise during the first quarter of the year, according to the latest ABS figures.
The Property Council of Australia (PCA) has called on Queensland's 73 local governments to reinvigorate the state's residential property development sector by keeping infrastructure charges well within state government’s limits.
The Northern Territory government has announced that it will give builders and purchasers of new homes $10,000.
NAB subsidiary UBank has entered the mortgage market with what it’s billing as Australia’s best ongoing advertised variable rate in Australia.
Auction clearance rates remained around the 60% mark in Sydney and Melbourne at the weekend while arguments raged over their accuracy.
Shortages in affordable properties and regions are likely to drive capital gains over the deacde ahead, according to the federal government's housing czar Owen Donald. The recently-reappointed chair of the National Housing Supply Council, believes there are still significant potential for investors in the decade ahead - despite a largely flat outlook for property prices.
Want to renovate property for a profit? Follow this step-by-step guide and you'll be turning diamonds in the rough into riches. When it comes to renovating for resale, there are some key points to keep in mind if you want to make money, according to the team at Renovate and Profit (www.renovateandprofit.com).
Each of Australia's state capitals saw house values decrease during April, according to recently released figures from Residex.
The Federal Government's flagship National Broadband Network has had its grand opening on the mainland, in the NSW city of Armidale. Already going through the testing phase in the Tasmanian communities of Midway Point, Smithton and Scottsdale, the NBN will be tested in several mainland 'First Release Sites' over the coming months.
Continuing softness in property markets could see interest rates remain on hold for longer than previously expected.
The banks upped their share of the $1.2 trillion mortgage market during the March quarter, according to the latest figures from the ABS.
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