All News

Another ‘extend and pretend’ mortgage arrives in Australia
A recent Finder survey found that nearly one-third of Australian consumers would consider a 40-year mortgage if it reduced their monthly repayments to a more manageable l...


Lightning speed: How home prices have boomed in the past five years
A tumultuous five years created conditions for the most rapid property-price growth in history, but the enduring economic fallout of the pandemic has led to a big diverge...


More builders likely to fail in absence of any construction silver bullet
In the first seven months of this financial year, 1,999 construction firms were declared insolvent. This was 26 per cent higher than the same period in 2023-24 (1,583) an...


Migration balloons by 80,000 above expectations, adding to housing pressures
Australia's migrant population will rise above the government's expectations by 80,000 people over this financial year, adding to pressure on Australia's housing and rent...


Top 10 design trends in the Gold Coast apartment market
The Gold Coast has one of Australia’s most vibrant apartment markets with no signs of a slow down. In fact, apartments have surged almost $100,000 this year


Apartment demand on the rise as housing affordability slips further
Rising home and rent values continued to impact the Australian housing market in 2024. Further erosion in housing affordability has seen an increase in demand for u...


Westpac: No rate cuts until May, but cycle will happen quickly
Westpac is officially predicting RBA cash rate cuts won't begin until May 2025, three months later than its previous February call.


Australian Banks, Households Resilient to High Rates, RBA Says
(Bloomberg) -- The share of Australian borrowers in severe financial stress remains small with the vast majority still able to service their debts, the Reserve Bank said ...


Employment changes from 1 July 2024: Minimum wage rates, unfair dismissal thresholds and more
Changes to a number of employment rates, thresholds and limits in Australia came into effect on 1 July 2024, with implications for both employees and employers. New right...


What could another rate rise do to the Australian housing market?
Following last week's Consumer Price Index (CPI) data revealing a 4.4% inflation rate for May, CoreLogic's head of research Eliza Owen examined whether this could trigger...


‘Bad enough now’: Property investor tax breaks soaring to $22 billion a year by 2035
The cost of negative gearing and capital gains discounts will balloon to $165 billion over the next decade, according to new data that’s sparked fresh fears for the next ...


‘Breaking point’: scary number of borrowers behind on loan
Higher interest rates are beginning to bite homeowners, with a rising number reporting they have missed at least one repayment on their mortgage, new research from compar...


Australians squirrel away $4.69 billions in the bank
Australians squirrelled away $4.69 billion in April, as households continued to deal with the rising cost of living.The latest Australian Prudential Regulation Authority ...


City-dwellers head for regional Australia in growing numbers
The number of city-dwellers tired of expensive, overpopulated cities and deciding to move to regional Australia has hit a 12-month high, according to new data.


Australia’s major supermarkets have not given some fruit and vegetable growers price rises in 15 yea...
National Farmers’ Federation council member says the food sector should not be ‘held to ransom’ by Coles and Woolworths.


Sydney house prices force thousands of young families out of NSW - Productivity Commission
Sydney is at risk of becoming "the city with no grandchildren", a senior government official has warned, as high housing costs drive young families to leave. Sydney lost ...


Employers push for staff to return to the office after working from home as commercial property valu...
Everything is colliding for employees, bosses and the owners of commercial properties as the "work from home" trend cements itself as a standard part of most office worke...


Easing inflation takes heat off interest rate rises
Australia's inflation rate has softened by more than expected in a promising sign for borrowers hoping for the end of the Reserve Bank's interest rate hikes.


Most Australians still outliving their super
The research, released during ASFA’s annual conference in Adelaide, has found that while the proportion of people aged over 65 with superannuation has increased in recent...


$130 billion of CommBank home loans still facing mortgage cliff
CommBank says 28% of mortgages financed by the institution – which commands a quarter of the nation’s home loan market – are yet to tip over the fixed rate cliff.An uptic...


Food prices have risen 7.5 per cent in the last year. Here's what that looks like at the check-out
If you wince at the thought of going to the supermarket these days, you're not the only one.The price of food has been steadily climbing in the last 12 months, with infla...


Crucial reason home prices won’t crash
Cities across Australia have recorded falls in the number of residential property listings as vendors brace for impact from the latest rate rise. Data collected ...


‘We will do what’s necessary’: RBA’s ‘difficult’ message for struggling households
RBA Governor Phillip Lowe says the Reserve “will do what’s necessary” to control inflation as “difficult as it may be” for households in the short term. “Persistently hig...


Millennials are desperate to buy a home — But cash-flush Boomers are standing in their way
Sorry, millennials: For the first time in a decade, baby boomers represent the largest share of homebuyers as they search for their retirement pad.


More than 400,000 job vacancies put workers in box seat
This could be as good as it gets to negotiate a pay rise, with job vacancies 10 per cent higher than last year.


Refinancing hits a record high as borrowers switch to combat rising rates
Rising interest rates are pushing increasing numbers of borrowers to refinance in search of lower interest rates, while new loans have continued to decline according to n...


Lab-grown meat could hit store shelves in Australia as early as next year. Is it safe to eat?
Australia's food regulator is deciding whether laboratory-grown meat can be sold to consumers, after a Sydney company's application to produce quail.


Is Australia the Lucky Country on interest rates?
Philip Lowe is betting that Australia is more resilient to global inflation pressures than other countries. We’re about to find out if that’s true.
