Where is property price growth strongest around the country? Geraldton, Mermaid Beach, Kew, Karrinyup, and Burleigh Heads, according to Real Estate Investar.
Melbourne’s median house price recorded its fastest pace of quarterly growth since 2013 during the March quarter, smashing through the $800,000 barrier for the first time, according to new data from the REIV.
Housing affordability improves, but the problem remains
Housing affordability remains a significant national challenge despite the latest HIA Affordability Report showing an improvement in the early months of 2017.
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 debate about housing affordability stepped up a notch on Thursday when CoreLogic revealed that its latest data shows Sydney property prices are on track to achieve growth of 19 per cent in the year to March.
RBA uses strongest language yet to warn of housing 'risks'
As ABS data confirms that property prices are rising strongly in some cities, the minutes of the March Reserve Bank board meeting flags concerns about the "build-up of risks" in the housing market.
How to get the most 'bang' from your renovations 'buck'
As property prices rise, more people are choosing to renovate their existing homes. David Wood of hockingstuart says renovations to the kitchen and bathroom and improving the garden deliver the greatest capital returns.
