Australian real estate news
A major housing correction in Australia isn’t likely due to better than expected retail spending and building approval figures from the Australian Bureau of Statistics, according to Chan and Naylor.
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Housing correction unlikely
Households with mortgages have been advised to take advantage of the pause in interest rate rises and pay down their debts.
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Households recommended to reduce their debts
Wealth in property has hit record highs, with total private sector wealth raised by 2.4 per cent to $5.77 trillion, according to the March data compiled by the Australian Bureau of Statistics and Federal Treasury.
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Individual property wealth hits record highs as economy bounces back
Housing finance figures are starting to stabilise after a soft beating from interest rate rises over the past nine months, according to the Australian Bureau of Statistics (ABS).
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Housing finance figures stabilise
THE number of home loans for owner occupied housing rose for the first time in eight months in May, official figures show.
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More home loans taken out by owner-occupiers
If you’re planning to build your dream home, it’s important to know how much it’s really going to cost you, and why. By doing this, you can save yourself from unwelcome surprises along the way
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The cost of building your next home
The total number of homes approved in Australia levelled off in April, following 14 consecutive months of increases in trend terms, according to Australian Bureau of Statistics building approvals data.
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Building approvals flat
Credit unions and building societies are gaining popularity among borrowers, with new Australian Bureau of Statistics figures showing nearly one in 10 homeowners are using these lenders for their home loan.
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Non-bank lenders still popular
Northern Territory households that are paying off a mortgage or renting spent about 16 per cent of their gross income on housing costs in 2007-08, according to Australian Bureau of Statistics data.
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NT housing eats up 16 per cent of incomes
Northern Territory households that are paying off a mortgage or renting spent about 16 per cent of their gross income on housing costs in 2007-08, according to Australian Bureau of Statistics data.
Original post:
NT housing eats up 16 per cent of incomes
