Page 9 - Tom Devitt News Today

An economist has warned declining home prices, amid the rising cash rate environment, will have a negative impact on household wealth. While the impacts of interest rate hikes are well known to slow

The latest data reveals that July and August have seen the biggest decline in new house sales since last year’s lockdowns.  Housing Industry Association (HIA) economist Tom Devitt has reported that

Victoria drove the decline in sales, report finds

New data has shown that buyers are retreating from the market, as rising rates and surging costs associated with purchasing a home deter both owner-occupiers and investors from saying “I do” to a mortgage commitment. 

How will RBA's recent move affect mortgage borrowers and building activity?

New data has shown that buyers are retreating from the market, as rising rates and surging costs associated with purchasing a home deter both owner-occupiers and investors from saying “I do” to a

The Australian Bureau of Statistics yesterday released its monthly building approvals data for July, with the housing sector remaining stagnant in comparison to last year.

Australia is in the midst of its biggest tradie shortage in decades, with prices and demand adding further ...

The record increase in new detached dwelling costs is likely to push more builders - particularly smaller ones - over the edge, economists warn.

Latest figures from the Australian Bureau of Statistics indicate that lending remained strong in the first quarter of 2022. Hayden Groves, president of the Real Estate Institute of Australia (REIA),