Australia’s economy contracted during the September 2016 quarter, only the third decline in the last decade, due in part to a decline in construction activity.
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.
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.