Home in Tottenham, about six hours from Sydney in NSW, selling for just $65,000

A NSW property is on the market for just $65,000 — but there is, of course, a catch. The Tottenham property, located about six hours from Sydney, is a former church. It is situated on 1010sqm and has power, water and sewerage available. Know the news with the 7NEWS app: Download today Photos included in … Read more

Data shows job-seekers and those on welfare payments struggling to make ends meet

Covering the cost of weekly essentials is leaving Australians on JobSeeker and other welfare payments with little left over to pay other bills or incidental expenses. A single person out of work and living in a shared house would have just $127 of income each week after covering three core weekly expenses of rent, transport … Read more

Glimmer of hope for Australian renters overshadowed in new data

Australian renters looking to move house had slightly more choice in April but with competition for vacant homes still fierce, prices will probably continue to rise. Vacancy rates have been holding at very low levels in most parts of the country, leaving more renters scrambling to secure the few available properties and pushing market rents … Read more

High-profile real estate Tom Panos slams government over lack of action on housing crisis

A high-profile Sydney real estate agent has lashed the government for not doing enough to help Australians through the housing crisis, as he claimed it would take a typical first home buyer 40 years to save for a deposit in Sydney. Tom Panos filmed himself in a café, highlighting one of the staff members working … Read more

Reserve Bank of Australia holds interest rates steady in third decision of the year

The Reserve Bank has held interest rates, despite acknowledging stubbornly high inflation, in its third decision of the year. Tuesday’s decision means the cash rate will remain at 4.35 per cent, as it has been since the most recent hike last November. WATCH THE VIDEO ABOVE: RBA announces interest rate hold. Economists largely anticipated the … Read more

Melbourne property prices fall slightly while national price growth persists for fifteenth month in a row

Melbourne is the only Australian city where property prices have fallen over the past month, new figures show. Australia clocked its fifteenth month in a row of house price growth, with prices gaining a further 0.6 per cent in April, according to Corelogic’s home value index. While each capital city saw an increase in property … Read more

What is a halal mortgage? How interest-free home financing works in Canada – National

The federal government is looking at making Islamic home financing increasingly accessible to help more Canadians break into the housing market. As part of the 2024 federal budget that was released last week, Ottawa said it is “exploring new measures to expand access to alternative financing products, like halal mortgages.” Last month, the federal government started consulting … Read more

Anglicare Australia’s rental affordability report shows low-income earners hit by soaring rents: ‘Worst it has ever been’

The Australian dream of owning your own home is being “crushed” by rising rents and over-inflated house prices, a new report finds. After reviewing more than 45,000 rental listings, Anglicare Australia’s rental affordability report has declared the market the worst it has ever been. “This is not hyperbole,” the report released on Tuesday said. Newsletters: … Read more

Adelaide mother’s dream home gone after developer demands extra $140k to finish construction

An Adelaide woman said she’s about to lose her dream home because she’s been slapped with a bill for an extra $144,000 on top of the original price to finish construction of the dwelling and she cannot afford to pay. Fidelma McCorry signed up for a development constructed by Lofty Building Group in October 2021 … Read more

30-year amortizations will only impact a ‘sliver’ of the housing market: BMO – National

The Liberal government’s plan to allow some first-time homebuyers to stretch their mortgage amortizations to 30 years will only improve affordability for a “sliver” of the housing market, according to a BMO economist. Finance Minister Chrystia Freeland announced Thursday that Ottawa would allow first-time buyers to take out an insured mortgage amortized over 30 years, … Read more