No principal was paid in Westpac's interest-only loan glitch
A glitch in Westpac computer systems meant that home buyers interest-only loans failed to convert to principal and interest, leaving home owners with an unexpected large debt.
A glitch in Westpac computer systems meant that home buyers interest-only loans failed to convert to principal and interest, leaving home owners with an unexpected large debt.
UK fixed-fee disruptor Purplebricks sold $1.1 billion of residential real estate - around 2200 homes - in its first 14 months of operations in Australia.
The mid-year budget update predicts house prices will stay well above last year's levels, underpinning an impressive $3.3bn budget surplus this year.
ANZ has downgraded its outlook for the housing market in 2018 and now expects capital city house prices to rise just 1.5 per cent next year, down from 2.2 per cent.
Currently just 1 per cent of Sydney's housing stock is affordable. Lord Mayor Clover Moore wants that to be 15 per cent by 2030.
Take a look at five of the best homes selling this week, including a three-level bayside apartment in Melbourne.
The cost of buying a 434-square-metre plot of dirt to build a new house in Melbourne's outer suburbs surged 6.5 per cent in November.
Faster population growth is supporting the Melbourne residential market, giving investors hope, even in oversupplied suburbs, of price growt...
Sydney apartment prices fell 1.4 per cent in value in the September quarter, their biggest loss in almost six years, while house prices also...
Amalgamated Property Group and EG Funds Management have snapped up four federal government office buildings.
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