Residential
Read the latest residential property market news, feature articles, commentary and analysis here.
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industry newsFormer Bankstown mortgage broker pleads guilty to submitting false loan applications worth $3.8 million
Moustafa Dandachli submitted loan applications on behalf of 10 people with amounts ranging from $196,000 to $640,000.
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mortgagesSt.George the slowest at passing on RBA rate cuts: Credit Suisse report
The big banks are on average more than twice as quick to pass on a RBA rate increase than a rate decrease.
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residentialThe NSW Treasury's 10 reasons why the property market is on the mend
The NSW budget papers gave 10 reasons for why Treasury had a more positive housing sector outlook.
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taxNSW property buyers paid $4.39 billion in stamp duty over 2012-2013 financial year
Stamp duty receipts are expected to jump this budget financial year to $4.96 billion.
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taxNSW property investors paid $2.39 billion in land tax over 2012-2013 financial year
But this was less, after low valuation growth, than the anticipated $2.55 billion forecast.
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new south walesNewcastle port to be sold off with boost to local infrastructure from proceeds: NSW budget
The lease sale is expected to be complete by mid 2014 after the undertaking of a scoping study.
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new south walesNSW home buyer grants tempting 40% plus of first timers in emerging shift away from established homes
The 2013 budget papers included a graph that showed the share of first home buyers securing new homes had recently hit about 48% of all NSW first home buyers. It is now running at just over 40%.
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residentialDwelling prices still “relatively flat” but housing market "appeared to be improving": RBA minutes
The RBA maintains an easing bias but notes the the "housing market generally appeared to be improving”.
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mortgagesMortgage brokers to offer borrowers fixed rates from 4.54% through NAB’s Advantedge offering
The new rates, among the lowest in the market, are available exclusively through PLAN, FAST and Choice-affiliated mortgage brokers.
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industry newsGender pay gap still firmly in place in building industry: NAWIC
For every dollar earned by a man in the construction industry, a woman, doing the same job, will receive just 82.3 cents says the National Association of Women in Construction.
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