More than 1m face mortgage strife
More than a million home owners will struggle with mortgage stress if interest rates were to rise just three percentage points.
More than a million home owners will struggle with mortgage stress if interest rates were to rise just three percentage points.
A new TFE Hotels-operated Adina Apartment Hotel Grand will be built in Canberra.
Auction markets in the two largest cities picked up from where they ended last year.
Change is coming to the stock-starved housing markets on the eastern seaboard.
It will weaken, but the surprising strength of demand in the second half of 2016 is likely to continue into the new year, bank says.
Property experts are more bullish about house price growth in NSW for 2017 than they were a year ago, a survey of more than 1800 property professionals shows.
More than one-third of Canberra's suburbs had their highest ever residential sale in 2016 and records fell across all its districts.
Housing price growth slowed in the September quarter as unit values in Melbourne and Brisbane hit the brakes.
The last big auction weekend followed the pattern of the year with buyers fuelled by low interest rates competing for a small number of properties.
Some 1300 new homes, a hotel and glass towers for Geocon's Republic in Belconnen's Section 200 in Canberra.
Housing construction is coming off the boil in response to tighter credit rules and weaker earnings growth.
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