RBA decision: Rates up by 25bps
The RBA has today raised rates for the first time since March last year, pushing up the cash rate by 25bps to 3.25%
Melbourne developers push cuts to parking
New apartment buildings in Melbourne may soon be constructed without any car parking spaces if a new plan under consideration by the city council goes ahead.
Prestige properties snapped up in London
After two years of plummeting prices in London's luxury property market, demand has suddenly spiked and prestige real estate agents can't get enough listings, according to a report in The Australian Financial Review
Bank non-performing loan ratios rising: RBA
The RBA released its September Financial Stability Review today, showing that the GFC was continuing to impact on the local mortgage business.
Gen Y keen to dive into property market - just not right now
A report released today showed that although there is a significant level of interest in property investment from Australians under 30, most are waiting for the new year before buying.
Investors step in to fill the first homebuyer gap
The number mortgages for owner occupied homes fell for the first time in 10 months in July, dropping by 2%, but the total value of investment housing commitments (trend) rose 1.0% compared with June 2009 according to the Australian Bureau of Statistics (ABS).