Stay updated with breaking news from Tom Devitt. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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?