The latest batch of former housing commission homes in Millers Point, on Sydney city's doorstep, were sold last night through agent McGrath - achieving strong bidding and high prices.
The ratio of household debt to disposable income was at a record high of 188.7 per cent at the end of 2016, according to recent statistics from the RBA.
The REINSW says policies being considered by the NSW government to improve housing affordability for first homebuyers is a step in the right direction.
RBA governor says supply key to improving housing woes
Philip Lowe, governor of the RBA, last night said that increasing supply was the key to easing the housing crisis, but tighter lending rules help to put the economy on a more sustainable footing.
Denita Wawn, CEO of Master Builders Australia, says the senate's passing of the tax cut bill is good news for small builders, but she is calling on the government to lower taxes for larger businesses too.
Asia Pacific real estate investors looked to home markets in 2016
Asia Pacific real estate investors turned to their home markets in 2016 amid greater political and economic uncertainty, according to JLL's 'Real Estate Investment Flows: An Asia Pacific Perspective' report.