1+ week, 8+ hour ago   (1231+ words) Higher mortgage rates and elevated home prices have pushed affordability to its worst level on record, leaving a typical-income household able to afford just 12 per cent of homes sold. A median-income household can now afford just 12 per cent of homes…...

1+ week, 4+ day ago   (1046+ words) New laws requiring reserve prices to be published seven days out leave open how agents should handle a vendor changing their price or rejecting an offer late in the campaign. Victorian agents must publish a vendor's reserve price at least…...

2+ week, 10+ hour ago   (395+ words) Population growth and household formation are outpacing new supply, and HIA's chief economist expects that shortage, not a construction rebound, to drive the next phase of price growth. The forecasts are contained in HIA’s Economic and Industry Outlook report, which…...

3+ week, 3+ day ago   (552+ words) Queensland's Residential Activation Fund will pay for roads, power, water and a sewage plant upgrade across Coomera, Pimpama, Robina and other growth corridors. The Queensland Government is deploying $146 million to fast-track trunk infrastructure across the Gold Coast, unlocking land for…...

3+ week, 3+ day ago   (520+ words) Extended purchase bans, tripled FIRB fees and a 30% capital gains tax rate are reshaping offshore demand, with the full effect still to show in next year's figures. According to the Productivity Commission’s annual Trade and Assistance Review, investment approvals granted…...

3+ week, 4+ day ago   (1345+ words) Seven months after a history-making trifecta at the International Property Awards, New Zealand's largest family-owned real estate company gathered its people in Auckland last week with a clear message from Managing Director Peter Thompson – the view from the top is…...