For the first time in five months, new home sales have taken a tumble.
The Housing Industry Association (HIA) has released its new home sales report and sales volumes fell 4.3 per cent in May.
The RBA has, as expected, kept interest rates on hold for another month, and the month of June has seen the property market bounce back from its slight drop in May.
Australians are getting married later in life – and landlords are among the beneficiaries.
There are more apartments being built in inner Melbourne right now than at any time in history.
Former chief of the Commonwealth Bank David Murray is heading an inquiry that is canvassing ideas to curb the dominance of the country’s $1.3 trillion mortgage market by the major banks.
The minutes of the RBA’s most recent meeting have been released, and they continue to be keen for interest rates to remain unchanged for the short to mid term.
Fitch Ratings have released some data that show an unexpected increase in mortgage delinquency in Victoria, with some Melburnians struggling to keep up repayments on their mortgage.
Both the majors and non-majors are in the midst of a fixed interest rate cutting frenzy.
The Property Council of Australia has said it would like to see stamp duty abolished to encourage more movement in the labour market.
The Reserve Bank’s monthly board meeting has ended as most predicted – with interest rates remaining unchanged.
