'Sydney is the least affordable housing market'
![Some 34.5 per cent of households owe money to a bank, up from 27.5 per cent in 1991, while those owning outright have ...](http://web.archive.org./web/20170710070925/http://www.afr.com/content/dam/images/g/w/a/s/c/y/image.related.afrIndexLead.320x210.gx6izk.png/1499400138281.jpg)
Sydney home owners now spend 45 per cent of their household income servicing their mortgage repayments, despite benefiting from record low interest rates.
Sydney home owners now spend 45 per cent of their household income servicing their mortgage repayments, despite benefiting from record low interest rates.
Canberra is trying to boost its population sustainably and its winning architecture helps do that.
The quarterly pace of gain in house prices halved in Sydney to 2.9 per cent from 6.1 per cent in the December quarter.
NAB is warning about growing uncertainty, lower demand and a halving of house price growth in the nation's major capitals.
The chief executive of MyState Bank says investors putting their homes on Airbnb is helping to keep the Hobart housing market "robust".
They may be cheap, but cutting stamp duty means prices will rise without a lift to supply at the same time.
Treasurer says any move to cut tax breaks on property investment would crash a market that is already slowing.
The Treasurer says that better housing affordability is needed for social stability and keeping the longer-term welfare bill lower.
The improvement in WA and decline in NSW points to the emergence of a new picture of regional disparities in housing.
Auction activity is running hot in Australia's east-coast markets and investors remain keen to snap up properties.
Australia's housing market accelerated in the final three months of last year at its fastest pace in at least five years to $656,800.
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