The Business Times

Australia housing

Property

Australia home rents surge as vacancy sinks to record low

Home prices have risen 2.3 per cent across the capital cities in the three months to September, taking the median value to A$941,457.
Property

Australia’s home prices post strongest monthly gain in two years

The portion of retirees living in private rentals has doubled over the past two decades to 12%.
Property

Housing crisis forces more Australians to rent in retirement

The Australian Prudential Regulation Authority said the country’s lenders would still be required to assess new borrowers’ capacity to meet repayments at an interest rate of at least 3 percentage points above the current home loan rate.
Property

Australia’s home prices climb further as rental growth refuels

The largest capital markets of Sydney and Melbourne are among the softest, the data shows.
Property

Australian house prices continue to climb after RBA rate cut

“Real estate is a really good way for international criminals to store big amounts of money,” says Brendan Thomas, the chief executive officer of Australia’s financial crimes watchdog Austrac.
Property

Australia reveals US$460 million property splurge tied to fugitives

The pursuit of the “Great Australian Dream” of home ownership is hurting families saddled with high mortgage payments, as Australia’s Reserve Bank had raised interest rates 13 times since 2022 before last month’s rate cut.
Property

Housing dream turned nightmare weighs on Australian voters ahead of national election

In Sydney, housing values have jumped almost 70 per cent over the past 10 years, with the median dwelling price now around A$1.2 million (S$1 million).
Property

Singapore buyers could indirectly benefit from Australia’s property ban on foreigners: analysts

The office building at 114 William Street, Melbourne. The 25-storey office building sitting on a freehold site of 1,858 square metres and comprises 22 levels of office space, one level of ground retail space and two basement carparks. The property being sold by a trust, is located in the heart of the financial and legal precincts of Melbourne's CBD.
Property

A fifth of Melbourne’s offices are empty as home working endures

Houses in Sydney. Pollster Gallup says underinvestment in housing and high immigration levels created one of the world’s most expensive markets.
Property

Australians are among the most frustrated in the world over housing: survey

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