Under what conditions do buyers find a way to pay less for a property than it's actually worth?
News

While the horses were stealing the show at Flemington yesterday for the Melbourne Cup, the Reserve Bank kept interest rates on hold at 1.5 per cent for another month.

Melbourne property is outperforming Sydney, who has joined Perth and Darwin as the Australian capital cities to record a fall in house prices over the past three months.

The CoreLogic Property Pulse report has found that owner-occupier first home buyer finance commitments in August hit their highest level since 2009.

Lending caps aren’t going anytime soon after APRA said they would stay until household debt levels stabilise.