City’s economic performance has been closely tied to the property market, research says
The “Termite Buster” allows users to listen in on the destructive insects with their smartphones
Changes to how depreciation can be claimed on residential properties could prove costly in the short term
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The mortgage industry could see an overall increase in interest rates as a result of difficulties in obtaining wholesale funding.
Lenders have ramped up their credit controls by further lowering the amount they lend to borrowers.
Property values in Sydney suburbs with rail links to the CBD have outstripped those in suburbs without, says new research.
Appetite for fixed rate home loans is fast increasing as interest rates rise and better deals are put on the table by lenders, according to mortgage broking group Loan Market.
The rapid growth recorded during 2009 is finally slowing with RP Data figures showing Australian capital cities notching their second consecutive month of low single digit annualised growth.
National Mortgage Company has cut its variable rates on selected products by 0.10% ahead of the policy meeting of the Reserve Bank of Australia next week.
Early exit fees that punish borrowers and limit their ability to switch loans are being challenged by ASIC.
All indications are that the new home building recovery will stall in 2011 according to the Housing Industry Association.
Auction clearance rates in Sydney and Melbourne continued to trend downward on the weekend.
The RBA is indicating that it intends to hold interest rates at their current level until later this year, in a move designed to protect economic stability.
Australia is not in the midst of a housing bubble, says the Real Estate Institute of Australia, contrary to recent comments by GMO's chief strategist Jeremy Grantham.
The exit fees charged by some lenders may be illegal, according to a report published by the Melbourne Law School's Centre for Corporate Law and Securities Regulation.
After an outstanding year of growth, Melbourne prices appear to be finally cooling off as homeowners, under pressure from consecutive interest rate rises start selling.
Australian dwelling starts rose for the third straight quarter, lifting by 4.3% in the March quarter signalling a return of construction to the residential market .
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