The housing downturn has become a major drag in Australia’s economy. Figures from the Australian Bureau of Statistics (ABS) show that the decline in expenditure on residential building affected Australia’s

The proportion of income required to service a mortgage has increased despite the continued fall in residential dwelling valuers, according to new research. The latest findings from Adelaide Bank and

For over 30 consecutive months, the Reserve Bank of Australia has kept the cash rate chilled at 1.5% — maintaining the record-low interest-rate environment despite the increasing likelihood of an

The recent slowdown in clearance rates indicates that vendors have had to lower their prices in order to sell. However, a recent study by RateMyAgent shows that this was not

Australia’s housing downturn has dampened the spirits of many property investors and homeowners whose dwellings continue to shed value. The slump, however, creates an opportunity for some market segments to

Fewer investors would buy property under the Australian Labor Party (ALP)’s proposed revision to negative gearing rules and taxation arrangement, according to a survey commissioned by the Property Council of

Business appears to have shrugged off the impact of a cooling economy with a stronger-than-expected surge in investment towards the end of last year. Key points: Overall business investment in

Economists at UBS expect the Reserve Bank of Australia (RBA) to cut Australia’s cash rate by 50 basis points by next year, bringing it to 1%. UBS chief economist George

The housing downturn, together with attractive incentives offered in certain states, allowed for many first-home buyers to break into the market. However, it appears that these buyers are putting their

The housing downturn and the tightening of credit rules are making it hard for sellers to dispose of their homes, resulting in the number of listed properties across capital cities