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Aussie families fork out $1,200 every year for stamp duty
The Housing Industry Association's Stamp Duty Watch reveals current rates of stamp duty mean the typical Australian family is paying more than $100 in additional mortgage repayments each month.
Affordability worsens as bigger mortgages erode benefits of lower rates
The proportion of family income required to meet average monthly loan repayments was 29.5% during the September quarter, up modestly from 29.4% the previous quarter, according to The Adelaide Bank/REIA Housing Affordability Report.
Featured Property
'Lower Lower Steading' on Mornington Peninsula for sale
This country estate of designer Stephen Akehurst on the Mornington Peninsula, Victoria, is for sale by Chantal Hooper of Savills Luxury Residential with a price guide of $12 million.
Big four banks lift mortgage interest rates
CBA, the National Australia Bank, and Westpac are raising mortgage interest rates amid higher global funding costs.
Auction clearances holding strong heading into the holidays
Auction clearance rates remained strong last week, as volumes dipped in the lead up to the holiday season, and despite news the big four banks are beginning to increase interest rates.
Demographic insight: are family homes falling out of favour?
As Australian families evolve, so too does the Great Australian Dream of home ownership.
Featured Property
Two-story home with views across the Onkaparinga Valley for sale
This 54-acre property in Mount Torrens, South Australia is for sale by Sharyn Mitten of Toop and Toop Real Estate.
Scott Morrison says negative gearing rules will stay
At a meeting of state and federal treasurers on Friday, Scott Morrison said negative gearing would stay. He also outlined new ways to attract private investment into affordable rental housing.
Treasury report shows foreign buyers not causing high property prices
Treasury economists Chris Wokker and John Swieringa have released new research showing that foreign investment in Australian property is only likely to have added between $80 and $122 to prices each quarter in Sydney and Melbourne.
