Page 224 - Corelogic News Today

The market impact of foreign buyers has been exaggerated. Pointing the finger at foreigners is a distraction from the main problem bedevilling Australia’s housing market – a severe shortage exacerbated by the lack of needed planning reform.

The number of auctions scheduled across combined capitals foretells how this year’s spring-selling season is going to be busier than last year’s.

The rebound is sharpest in Sydney – the largest and most expensive market – where prices fell 13.8 per cent between January 2022 and January 2023 but have…

He was a member of Labors left during his time at the University of Queensland. Both of his parents were also members, and reportedly encouraged him to join.

U.S. homeowners with mortgages (which account for roughly 63% of all properties) saw home equity decrease by 1.7% year over year, representing a collective loss of $287.6 billion, and an average loss of $8,300 per borrower since the second quarter of 2022.

A flood of temporary visa holders into Australia is putting an intense strain on the nations chronic shortage of housing with an extra 730,000 bolstering the number to around 2.4 million.

The Lord of the Rings mogul has doubled the value of his property holdings since 2019.

The number of spring auctions is set to rise as preliminary clearance rates hold firm above 70 per cent, in a sign price growth could cool before the year’s end.

Few Americans are selling their homes as about 60 per cent of mortgages are locked in to low rates, but first home buyers are still entering the market.

In what was his final-ever board meeting as the Reserve Bank of Australia (RBA) governor, Philip Lowe has said the central bank’s decision to hold the cash rate indicates “inflation has passed its peak”.