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Home building costs rise 7.3% year -on-year
The supply chain shortages that have affected so many industries have hit property as well, with residential construction costs rising at the fastest annual rate since 2005. Home building costs rose 7.3% in the 2021 calendar year, according to CoreLogic’s Cordell...
Govt updates first home buyer deposit scheme
First home buyers can now save their deposit even faster, after the First Home Super Saver Scheme savings threshold was increased from $30,000 to $50,000. The scheme lets first home buyers salary-sacrifice pre-tax income into a dedicated account within their...
Strong property market drives record home loan activity
Home loan activity reached a record high in December, according to the latest data from the Australian Bureau of Statistics, in a sign the property market remains strong. Australians committed to $32.8 billion of mortgages in December, which was 4.4% higher than the...