NEWS UPDATE
NEWS UPDATE
Home prices in Australia’s biggest cities are treading water while smaller capitals notch record growth as new data suggests the cycle has become a tale of two vastly different markets. Two months into 2026, home values in Sydney and Melbourne have flatlined, even as mid-sized...
Traders upped their bets for a Reserve Bank rate hike in March to a one-in-three chance after the central bank’s governor said the meeting would be “live”. While Michele Bullock was careful not to signpost the RBA’s decision on March 17, her comments disabused any...
Higher spending on defence, data centres and Black Friday sales has helped the economy grow at its fastest pace in almost three years, boosting living standards but raising fears of more interest rate hikes. Gross domestic product expanded 0.8 per cent in the December quarter,...
Young people see the housing market as being stacked against them, Australia’s housing minister says, as the Greens call for drastic changes to property tax concessions. Clare O’Neil continues to play a straight bat to suggestions the government is considering scaling back the capital gains...
In a time of climate change and strained housing affordability, sometimes it pays to think small. At just 50 square metres, the apartments and townhouses inside the Two Sisters development in North Melbourne are far smaller than the 236 sq m average Australian home –...
Young women consider owning a house less of a priority than men their age, with many citing affordability and not being able to qualify for a mortgage as major barriers. Women in both the millennial and generation Z age groups consider property ownership less important...
Thousands of renters will be able to save deposits and purchase homes through a multimillion-dollar program pitched to voters ahead of a state election. South Australian Premier Peter Malinauskas announced Labor’s rent-to-own policy on Wednesday, aiming to deliver 2000 homes over eight years through a...
Seeking professional advice when looking to buy a property is an important step, especially if you’re new to the market or dealing with complex situations. Here are some key instances when you should consider consulting a property agent and what they can do for you....
The first round of inflation data for the year has arrived, which is likely to increase pressure on the Reserve Bank to lift interest rates further. WHAT DID THE DATA REVEAL? * Headline inflation remained steady for January at 3.8 per cent * Trimmed mean...
A major rewrite of Australia’s tax rules is needed to make them fairer and more efficient, one of the nation’s top economists has warned. Former Treasury secretary Ken Henry, who led a 2010 review of taxes, said the current system could be streamlined by imposing...
Higher levels of inflation will stick around for several months, the treasurer has warned, as new figures put pressure on the Reserve Bank to lift interest rates further. Underlying inflation ticked up for January, coming in at 3.4 per cent, up from 3.3 per cent...
A “cartel” of vested interests is stymying crucial tax reforms which could help free up more homes, a former boss of the Reserve Bank says. Bernie Fraser, the only person in Australian history to have served as both RBA governor and Treasury secretary, said tax...
Australians have leaned into debt ahead of the central bank’s pivot to hike interest rates, with applications for mortgages and credit cards doubling in the recent quarter. Mortgage credit demand grew 12.3 per cent, while credit card applications jumped more than 15 per cent in...
Ongoing strength in the nation’s jobs market has lifted the change of another interest rate rise in the coming months, experts warn. Australia’s unemployment rate held steady at 4.1 per cent for January with nearly 18,000 jobs created, according to Bureau of Statistics data released...
For many, a home loan is one of the largest financial commitments they’ll ever make. Yet, it’s not something most people revisit often enough. Whether you’re paying off credit cards, dreaming of a kitchen renovation, or wondering if your current interest rate is still competitive,...
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