Affordability

Four Perth suburbs have joined the million-dollar club after their median house prices grew to seven figures during the year to June, new data has revealed.

The growing gap between incomes and property prices is likely to worsen before it gets better, making it harder than ever for first-home buyers to save a deposit.

They are the essential workers keeping Sydney going during lockdown, but many of the city’s key workers are struggling to find a rental they can afford.

Hesitant Melbourne sellers withdraw from auction, vastly higher than the other lockdown cities Sydney and Canberra, suggesting the ban on private inspections in Melbourne is pausing selling decisions.

There are fears that the chance of home-ownership in Australia will become based on whether you are born into wealth or not, with reports parents are helping adult children into their second homes.

Energy costs have soared as millions of Australians spend more time at home, but there are smart and simple ways to save power and money.

Affordability constraints are starting to bite for home-buying hopefuls after house prices skyrocketed in recent months. These are the surprising neighbourhoods where buyers are feeling the pinch.

This is how crazy the market is: house price growth in more than half of Sydney suburbs has outpaced what the average household can earn in a year.

You may work hard for your money but if you live in one of these 15 suburbs, your house has probably earned far more than you this year, just by sitting there.

Across the capital cities, many properties sold under the hammer last weekend for eye-watering prices into the millions. At the other end of the scale, here’s the homes that were the most affordable.