Australia’s home auction clearance rate held below 50 per cent for the second week in a row as the central bank’s move to raise interest rates to a 15-year high weighs on buyer demand.
Peter Vercoe
Land tax has almost doubled for some landlords — by an extra $10,000 in some cases — following a big increase in block values, triggering a fresh assault on investment properties.
Kim Macdonald
Former undertreasurer Tim Marney and wife Claudine are seeking to downsize — and given the size of their home, it is fair enough too.
An off-grid home has all the the luxuries you would expect from exclusive Bremer Bay.
The average first home buyer in Australia is borrowing nearly $50,000 more since the Federal Government removed income caps from its 5 per cent deposit scheme.
Blair Jackson
Plenty of headaches have been caused by Iris Residential’s Shenton Quarter project and it looks like many more are looming after administrators tallied a whopping debt bill.
During the mining downturn West Perth was quieter than the meal aisle at a modern day supermarket. You should see it now
The boss of Australia’s biggest home loan lender is holding on to forecasts for when he expects house prices to bottom out.
Daniel Newell
Nearly one in four new borrowers opted for interest only home loans in the three months to June, worth nearly $50 billion, in a sign of significant mortgage stress.
A new fund to help give people living with MND, MS, quadriplegia and paraplegia more accommodation options
A property developer and contractor has appointed former WA premier Mark McGowan to its board as the group pushes into new construction methods aimed at addressing the housing supply crisis.
Cheyanne Enciso
The head of Australia's largest customer-owned bank has noticed a slowdown in the housing market but says his institution is well-positioned to ride it out.
Adrian Black
Some buyers signed contracts with Blackburne Group in 2022 but they won’t move in until 2029, with one saying he felt ‘very cheated’ after years of setbacks.
The number of rental properties available to lease in Perth has dropped below 2000 for the first time since March, with fears Anthony Albanese’s property tax changes are driving investors away from the market.
Joe Spagnolo
Known as the pièce de résistance in Iwan Iwanoff’s portfolio, the late architect’s family home has been listed for sale in Floreat.
About $30,000 to $100,000 could be slashed from Perth dwelling prices within nine months, in one of the sharpest corrections on record, according to analysts.
Kim Macdonald and Stephen Johnson
Home buyers are focused on their finances stretching over the short game, pay packet to pay packet.
It is official. Perth’s housing market is tougher now than it was in 1990, when interest rates were 17.5 per cent.
Recent first-homebuyers who participated in the Federal Government’s 5 per cent deposit scheme are those most likely to have fallen into negative equity, according to Reserve Bank of Australia research.
Adrian Lowe and Stephen Johnson
Australia's overall housing downturn is now deeper than at the same stage of the 2022-23 decline, putting it on track for one of the biggest falls on record.
Jacob Shteyman and Daniel Newell
Economists are warning that dwellings in Perth and in suburbs across the nation are dropping in value, with the price pain set to continue.
A winery estate in Margaret River’s wine region has hit the market, but in an unusual twist, it excludes the operating wine business.
Hike to fuel investor change : economist
KIM MACDONALD
Homeowners will bear the brunt of the Reserve Bank’s fight against inflation as it hits mortgage holders with a fourth rate hike this year.
Stephen Johnson
