House Prices

In a tough economic year for the Federal Government, one of the year’s brighter spots has been the strong housing market.

It appears Australia’s housing boom is set for a cooling period this year.

Housing affordability in Australia is set to remain in focus after comments made from Bill Shorten in his Budget reply speech.

The big four banks might have to raise $18 billion of new capital as the Australian Prudential Regulation Authority continues to look at implementing recommendations from the financial system inquiry.

Federal Treasurer Joe Hockey has caused a stir by saying that people looking to buy their first home should ‘get a good job’.

Housing affordability has been a hot topic of late and plenty of first-home buyers are looking at where they might be able to enter the market.

Melbourne’s median house and unit price has hit a new high in the June quarter.

House prices have grown 3.5 per cent over the June quarter to hit a new record median of $668,030.

Older Australians are more worried than first-home buyers about housing affordability according to research from legal firm Slater and Gordon.

The housing cycle in Australia has peaked, according to Morgan Stanley analysts. 

Stricter regulations on lending, slowing immigration and inflated property prices are set to take their toll on the property sector say the wealth management company.

While investment in the Melbourne and Sydney property markets cools, economic advisers have started looking out west to Perth as one of the country’s best buyer markets.