
First home buyers facing stiff competition from property owning ladder climbers
Home owners keen to use their borrowing power to further their property investments are making things harder for first home buyers.

Home owners keen to use their borrowing power to further their property investments are making things harder for first home buyers.

Melburnians are the most optimistic of them all

Inflation has sunk to its lowest level since 1999 and it has left the door wide open for more interest rate cuts this year.

Melbourne property prices jumped 1.5 per cent in the June quarter to set a new median house price record.

Properties in Melbourne’s regional areas are becoming more than just holiday homes, with areas like the Mornington Peninsula outperforming the metropolitan area.

The housing market has had a pretty good year compared to some forecasts, but the National Australia Bank has predicted things to seriously flatline next year.

There are calls on the newly formed Coalition Government to cut capital gains tax (CGT) breaks on property sales to help fix the budget deficit.

It’s bad news on the first-home buyer front with figures showing they are at their lowest level for over a decade.

If you own a rental property in Melbourne you may soon have to meet minimum condition standards before you can rent it out.

According to Australian Bureau of Statistics figures just over 227,000 dwellings were approved in the 12 months to May seasonally adjusted.