Months of housing supply hit new high
There is currently a 5.3-month housing supply available for sale across the combined capital cities— marking the highest months of supply figure recorded any time since 2012. Last year at the same time, there were only 3.9 months of supply.
Darwin property market showing signs of life
Things are looking up for Darwin's residential property market, with its median house values rising by 1.8%, making it the first increase in more than 15 months, according to the Real Estate Institute of the Northern Territory’s Local Market Report for March.
APRA to review 7% lending criteria
The Australian Prudential Regulation Authority (APRA) has proposed easing mortgage-lending criteria.
