What is the new NSW land tax option for homebuyers?
Starting early next year, New South Wales first-time home buyers will have the option to pay an annual land tax instead of the one-off stamp duty.
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Relief for borrowers: When will Australian interest rates stop rising?
Higher borrowing costs have taken a large bite out of property prices in recent months, and with more rate hikes to come we likely haven’t seen the bottom of this current downturn.
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Newcastle Permanent and Greater Bank merger gets green light for 2023
A proposed merger between Newcastle Permanent and Greater Bank received the green light from members this week, laying the groundwork for the creation of Australia’s largest customer-owned bank.
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Greening your home could add up to 10% in value, finds new QBE report
Australian property has been swept with a cascade of market falls, dragging prices down in 80% of the country. But a new housing report from QBE highlights a surprisingly simple way to add up to 10% to the value of your home: energy-efficient features.
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Will the RBA hike the cash rate in November 2022? CBA, NAB, Westpac, and ANZ home loan predictions
The Reserve Bank of Australia (RBA) has delivered an aggressive series of hikes to the cash rate for the last six months, bringing up the average variable rate home loan by more than 2% p.a. Now, official interest rates sit at 2.60%, which the RBA considers ‘neutral’ territory.
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Boomers are three times more likely to own a home than Millennials
A new report from the Australian Bureau of Statistics (ABS) confirms the Boomers have had it easier, aptly named 'Back in my day' .
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Federal Budget 2022: Inside Labor’s plan to build 1 million new affordable homes
At a time when rent prices are boiling over and homebuyers are being priced out of the areas they work in, Labor’s Federal Budget for 2022-23 provides a modicum of hope for the future of affordable housing.
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Sydney property prices down 10% since February
Six consecutive months of interest rate hikes have taken a heavy toll on the Australian property market, with Sydney home values falling by 10.1% — the equivalent of $116,500 — since hitting their peak in February this year.
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Rental properties below $400 now a challenge to find
Australia has seen a significant decrease in rental properties available under $400 per week, says a new PropTrack Market report.
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October home loan snapshot: Interest rates continue to increase
The Reserve Bank of Australia has lifted interest rates at a rapid pace this year, most recently by 0.25% at its October meeting. Economists at all four major banks expect the tightening cycle to continue as the central bank ramps up its efforts to tame inflation.
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