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Australia's property prices could retract by as much as five per cent if interest rates were to be raised, one of the country's top economists has forecast.
NEWS
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Australians do not feel that now is a favourable time to buy property, according to a new study from Finder, as prices continue to skyrocket.
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Katie and her husband will never make any more money than they do now, but already their dream of owning a home is beyond reach.
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SMATS FX is proud to provide our weekly analysis of currency markets and exchange rates.
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The Reserve Bank believes residential construction activity will continue to fall until some time next year.
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There are fears some cities in Australia are facing a looming housing affordability crisis as property prices explode.
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Sales volumes in Victoria rose 60 per cent last week.
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Australia’s unemployment rate ticked up to 4.6 per cent in September as a further 138,000 jobs were lost due to lockdowns in NSW, Victoria and the ACT.
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The Commonwealth Bank will keep a close eye on the strength in the housing market, and will change its lending practices if needed.
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The hope is new borrowing rules will take some steam out of house and property prices without giving the rest of the economy a whack.
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A street record has been smashed in Sydney with a home selling for almost $1m more than what was listed on its price guide.
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Big four lender Westpac has announced another eye-watering financial blow, with the bank set to take a $1.3bn hit in its upcoming financial results.
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