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Australia’s property market has been identified as one of the least affordable in the world.
PRICES
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The median price for a house in Australia has reached a record high of almost $1 million, according to a new report.
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While COVID border closures hamper property sales to international buyers, many Australians still struggle to break into the market because of rising prices.
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Housing affordability in Sydney is expected to deteriorate to its worst level in a decade amid surging prices despite a rise in listings.
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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.
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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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There are fears some cities in Australia are facing a looming housing affordability crisis as property prices explode.
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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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New market research shows that 10 suburbs across the country are possibly the worst places to invest.
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Would-be first-time homebuyers are set to face tougher hurdles to enter the market after a decision by the banking regulator to tighten lending standards.
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Hidden away in the back of the Australian Budget and unmentioned in the Treasurers speech, was a simple statement confirming that:
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Australian property prices look to be on a rocketing path, with first home buyers, low-interest rates and FOMO (fear of missing out) fueling the demand for the start of 2021.
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