Couples must now both earn six-figure salaries to afford a home in the majority of Sydney areas, new data from Canstar has revealed. The average Australian salary is just over $100,000, according to data from the Australian Bureau of Statistics (ABS). Sydney’s eastern suburbs have a median house price of almost $4,000,000, while the north … Read more
Renters in New South Wales can now use a free rental comparison tool developed by the state government to help them identify if what they are being asked to pay is fair. Developed by the NSW Rental Commissioner, Rent Check uses the latest bond data to compare the prices of rental properties in a particular … Read more
Sales of previously owned homes fell 2.5% in August from July, to a seasonally adjusted annualized rate of 3.86 million units, according to the National Association of Realtors. That is slightly lower than what analysts expected. Sales were 4.2% lower than August 2023. It marks three straight months of sales below the 4 million mark, … Read more
Andresr | E+ | Getty Images The Federal Reserve is poised to make its first interest rate cut in years on Wednesday. But homeowners shouldn’t bet on the move as an opportunity to immediately refinance their mortgage. That’s because “a lot of these rate cuts are already priced in,” Chen Zhao, the economic research lead … Read more
A home with a “Sold” sign from a real estate company in North Patchogue, New York. Steve Pfost | Newsday | Getty Images Mortgage rates came down again last week, and with the expectation that they could fall further, mortgage demand suddenly jumped, especially for refinancing. The Federal Reserve is expected to make its first … Read more
Federal Housing Minister Clare O’Neil has called the Coalition and the Greens teaming up to block the government’s Help to Buy bill a case of “politics first, second, and third” during a Sunrise interview. For the second time, Labor was unable to pass the bill on Tuesday, which would give first-home buyers access to cheaper … Read more
The first hurdle to an early election has been cleared after the Albanese government failed to ram its housing laws through parliament. For the second time, Labor was unable to pass its Help To Buy bill — which would give first-home buyers access to cheaper deposits through a government guarantee — in the Senate on … Read more
As the federal government announces initial funding rounds for two key housing policies, two more face fierce resistance in the Senate. The first tranche of funds for the Housing Australia Future Fund and National Housing Accord programs are expected to deliver more than 13,700 new social and affordable homes nationwide. Construction on almost 40 per … Read more
New South Wales has taken the top spot as the state with the worst suburbs for renters, according to new data. NSW recorded a whopping 12 suburbs rated 100-out-of-100 on the recent Rental Pain Score Index, compiled by market research brand SuburbTrends. Queensland was not far off with 10 suburbs. South Australia had six, Western … Read more
MISSOULA, Mont. — In a subdivision near the northern edge of town, a number of condos and duplexes have popped up in the past three years. It’s part of a larger effort, including new zoning laws, to help provide affordable housing to Montanans who have found themselves priced out of the market, said DJ Smith, … Read more
