CANBERRA, Jan. 23 (Xinhua) -- Australia's housing market has been labelled as "severely unaffordable" by an international survey. The 14th Annual Demographia International Housing Affordability Survey, released on Tuesday, ranked both Sydney and Melbourne in the top five least affordable major housin...
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Australian Market Report of October 21: Disappointing US Housing DataAsia Business News
"The RBA's (Reserve Bank of Australia's) May rate cut, and the valid prospect of more cuts, have lifted buyer confidence into the traditionally more subdued winter housing market,"Workman said. "June's price rise was mainly driven by the two major cities, Melbourne and Sydney experiencing ...
“In fact, we found that deception and poor housing conditions were just as common for international students who organised their housing here,” she said. “Exploitation is thriving unchecked in the wild west of the share house market, and international students can’t avoid it simply by organi...
Australian families continue to struggle with stubborn inflation and higher costs of housing after a surge in migration since COVID-19 border rules ended in 2022 put excess pressure on an already tight rental market. Though headline inflation has continued to moderate and slowed...
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While house prices are a very emotive topic, the fall in median prices from the highs seen a few years ago has partly addressed some of the extreme housing debt liabilities ratios that the Australian market has been known for by global investors. On the fiscal side, the tax cuts have been...
From interest rates, real estate and the housing crisis, to scams and US politics, ABC News Daily brings you facts and analysis you need to understand the biggest news stories. The podcast covers news from America, with analysis on what the result of the US election means for the future ...
Several factors including the strong labour market, build-up in savings, high levels of low fixed rate mortgages, and the recent turnaround in house prices have been supporting consumption in the second quarter of 2023. But as many mortgages roll over to higher variable rates over the coming ...