Our northern neighbour Sydney came second, behind only Hong Kong which ranked as the world’s most unaffordable city for property.
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Lenders could soon cut rates for borrowers in an attempt to stimulate the market which has flattened as we enter the new year.

The Australian Bureau of Statistics has today released another healthy set of unemployment figures for the month of December, in which another 35,000 people in the country found a job.

Falling property prices are contributing to a bounce in home loan lending and first-home buyers are some of the borrowers responsible for the rebound.

Falling property prices are contributing to a bounce in home loan lending and first-home buyers are some of the borrowers responsible for the rebound.