The Mix

Capital city clearance rates slip following a further rise in interest rates

Auction volumes across the combined capital cities decreased -19.3% to 1,432 recently largely due to the ‘unofficial long weekend’ but also an early indication of the seasonal trend towards an easing in auction activity after the pre-Easter highs. More…

Agencies to bear costs of proposed anti-money laundering reforms

Proposed changes to the country’s anti-money laundering and counter-terrorism financing (AML/CTF) laws will do more harm than good to the real estate market, the Real Estate Institute of Australia (REIA) warned. More…

Commercial sector resilient 

Commercial property markets remained resilient this year despite higher interest rates hurting demand, according to a new report. More…

Qld govt rental reform 'dangerous' for investor borrowers: REIQ

The Queensland government has been called out by the REIQ over its new rent reform and how it could potentially harm investor borrowers. More…

Why waiting for lower house prices is costing you big time

If you’re saving to buy your first home and hoping rising interest rates are going to lead to a 20% crash in house prices, as some banks and economists forecast, you could be in for a major disappointment. More...

Commonwealth Bank cuts fixed-rate home loans

Commonwealth Bank, the country’s largest mortgage lender, has slashed its fixed-rate borrowing costs, in a move that will add further momentum to a post-Easter residential market picking up faster than many analysts expected. More…

Mortgage rates could be reaching a peak

With the fixed rate mortgage cliff looming for many Australian borrowers, a glimmer of hope has started to appear with an expert signalling that some lenders are cutting their fixed rates. More…

Essential workers spend two-thirds of their income on housing

The rental crisis continues to hit Australian households hard, however, a new report shows that essential workers are being stretched to the brink. More…