Number of renters spikes as homeownership falls
The proportion of Aussie households renting their dwelling increased to 32%, as homeownership in the country fell to 66% in 2018, according to a new analysis from the Australian Bureau of Statistics (ABS).
Canberra house prices down amid pressure from public housing
Property values in pricey Canberra suburbs fell by 5% amid the 2017 announcement of new public housing, new research has shown.
Westpac, ANZ lower stress test rates
Westpac and Australia and New Zealand Banking Group (ANZ) have started lowering the interest rates they use to stress-test loan applications, following the Australian Prudential Regulation Authority’s (APRA) announcement of looser lending rules.
