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Economy

Apartments boom while house sales remain sluggish

New home sales have reached their highest level since early 2010, according to a survey of Australia’s largest volume builders.

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Latest rate cut ‘may not give economy much of a boost’

The impact of the federal Budget on Australia’s economy is likely to overshadow the Reserve Bank’s latest rate cut, according to one industry veteran.

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NSW home owners struggle as ACT families do it easy

Housing has continued to become more unaffordable, with households spending a larger share of their income on mortgage repayments.

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HIA names top building and population hotspots

For the second year in a row, an ACT suburb has been named Australia’s top building and population hotspot.

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Fixed-rate demand falls as rates drop

New research by Mortgage Choice reveals that fixed-rate home loan demand has fallen to its lowest level in more than two years.

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Sydney prices now astronomical

Property prices continue to surge in Sydney while values have fallen in four of Australia’s capital cities.

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Outlook for Australian economy ‘relatively pessimistic’

Although sentiment towards Australia’s economic outlook has improved over recent weeks, it will be short lived, according to one economist.

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Apartment trend drives ongoing rise in housing approvals

Australia could build a record number of homes this financial year after setting its third monthly approvals record in five months.

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Industry leaders sound alarm on rate cut

Industry leaders have warned that the Reserve Bank’s decision to lower the official cash rate today will have serious ramifications for the housing market.

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RBA rate announcment

The Reserve Bank of Australia has announced the result of its monthly meeting following a period of intense market speculation.

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