Another month of convincing home price growth in Perth, Brisbane and Adelaide has been recorded as poor affordability keeps the two biggest capital city markets in check. Dwelling values across the three smaller cities have been rising by about one per cent a month since May, based on analysis of CoreLogic’s home value index. Nationally, … Read more
The end of COVID-19 didn’t herald the end of issues plaguing the construction industry, including lengthy wait times to complete homes and residential builders going bust. Housing Industry Australia South Australian director Stephen Knight said the average time for a house to be finished is now about 14 months — still much longer than the … Read more
Pending home sales in November were unchanged compared with October and 5.2% lower than November of last year, according to the National Association of Realtors. The reading, which is based on signed contracts during the month, is a forward-looking indicator of closed sales as well as the most current look at what potential homebuyers are … Read more
An Australian landlord has been praised on social media for a generous act towards their tenant a week out from Christmas. On December 17, a tenant posted on Facebook that they had come home to find a card had been placed at their doorstep. “We got home from church this morning and found this at … Read more
Australian borrowers face falling off a “mortgage cliff” as their fixed rates expire and the Reserve Bank of Australia’s repeated hikes to the cash rate set in. Analysis by finance comparison website Canstar shows fixed rate borrowers could see their monthly repayments rise by up to 63 per cent overnight. WATCH THE VIDEO ABOVE: Sunrise … Read more
SAN ANSELMO, CALIFORNIA – NOVEMBER 30: A “sale pending” sign is posted in front of a home for sale on November 30, 2023 in San Anselmo, California. According to a report by the National Association of Realtors, pending home sales fell 1.5 percent in October to their lowest level in 20 years. (Photo by Justin … Read more
Australian mortgage holders can breathe a sigh of relief following the Reserve Bank of Australia’s decision to pause cash rate hikes. The RBA met on Tuesday and decided not to hike the cash rate for only the second time since last May. WATCH THE VIDEO ABOVE: Economists make their rates predictions as threat of recession … Read more
A crane taking four 15-foot-wide by 60-foot-long modular home segments and stacking them one on top of the other to make a new duplex in Aurora, Colorado in 2018. Hyoung Chang | Denver Post | Getty Images A century ago, a first-time homebuyer might begin their search in a catalog for a kit-built home from … Read more
West Australian building company Modco Residential has entered voluntary administration, blaming rising costs and the media for its downfall. The WA building regulator, Building and Energy, warned the public to be “cautious” when dealing with the company because it had significant reason to believe it was under financial stress, with several court cases launched against … Read more
Australian mortgage holders can breathe a sigh of relief with the Reserve Bank holding steady on interest rates in consecutive months for the first time in more than a year. The RBA board met on Tuesday and decided not to hike the cash rate, mirroring the July decision. WATCH THE VIDEO ABOVE: New data shows … Read more
