Domain Group has released data showing the Melbourne suburbs with the most properties for sale in March, giving buyers an insight into the areas that have the most choice on offer.
Melbourne’s house prices are set to fall between 2018 and 2020 and then settle into a period of stagnation.
Mr Lowe sent a clear message to governments around the country that the best way to deal with the housing affordability crisis in the country was to increase supply and build more dwellings.
The RBA has now kept rates steady since August last year, amid ongoing deterioration of the unemployment rate around the country.
A significant portion of the country’s top economists thinks capital gains tax concessions for property investors should be scrapped.
In sobering news for off-the-plan investors, new research has revealed more than half of new apartments bought in Melbourne and then re-sold in the last five years have been re-sold at a loss.
It was another strong weekend for Melbourne’s auction clearance rates despite the current economic environment of lending crackdowns and interest rate hikes from banks.
Mortgage Choice CEO John Flavell has told the Australian Financial Review there’s enough funding in the market to keep housing investors going despite lending cutbacks.
The heat is on state governments and banking regulators to take more heat from the property market after figures show house price growth more than doubled in the last three months of 2016 in Melbourne and Sydney.
The Victorian Government has axed stamp duty for first-home buyers on homes under $600,000 to help fight the housing affordability crisis, but will it have the opposite effect and push prices higher?
