Property prices continue to hit new records, with the national average home now worth $973,300 in the three months to the end of June, according to the Australia Bureau of Statistics. Prices in NSW ($$1,222,000) remains the highest in the country, followed by the ACT ($953,900) and Victoria ($900,300). But SQM Research managing director Louis … Read more
NAB chief executive officer Ross McEwan expects house prices to continue rising a little bit more this year and next year. He says there’s a lot of demand for homes and very limited supply. The number of migrants coming back to Australia has also exacerbated the issue. Mr Ewan told The enterprise’ Alicia Barry borrowers … Read more
A growing number of homeowners are being sent bankrupt because of debts owed to body corporates over the upkeep of building complexes. Consumer groups say it often starts as a small amount but quickly escalates once fees and charges are added, landing some Australians in court. Strata companies are facing calls to offer hardship arrangements. … Read more