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Residential work done dips to 6-year low

Preliminary ABS data has revealed that the value of residential construction work done has declined in the September quarter to its lowest level since 2014.

Residential work done dips to six-year low
Auction volumes hit 6-month high

There were a total of 1,791 auctions held last week, the highest number of auctions held since the week before Easter.

Auction volumes hit 6-month high
Declining mortgage rates expected to continue: RBA

The average mortgage interest rate paid by households is expected to continue to decline “for a while yet”, according to the central bank.

Declining mortgage rates expected to continue: RBA
Victoria commits $5.4bn to home building

The Victorian government will deliver a “historic” $5.3 billion Big Housing Build to construct more than 12,000 new homes throughout metro and regional Victoria, it has been announced.

Victoria commits $5.4bn to home building
Perth vacancy rate pushes closer to 40-year low

The residential vacancy rate across Perth declined slightly in October, coinciding with a drop in new investment financing.

Perth vacancy rate pushes closer to 40-year low
Demand for detached housing continues

While the strong shift in demand for detached housing has persisted, the cancellation rate of new home projects has increased slightly, new figures have shown.

Demand for detached housing continues
BNPL service launched for property ownership

A fragmented property ownership platform has launched a ‘buy now, pay later’ offering for on-title property ownership.

BNPL service launched for property ownership
ASIC provides licence applications update

The corporate regulator has released a report on its licensing and professional registration activities for 2020, including the impact of the COVID-19 crisis.

ASIC provides licence applications update
Auction volumes continue to rise in capital cities

Capital cities continue to recover from the effects of COVID-19, with auction volumes rising again last week, CoreLogic figures have shown.

Auction volumes continue to rise in capital cities
Aussie homes biggest in the world: CommSec

Australian home builders have built bigger homes over the past year even before the onset of COVID-19, but the pandemic could accentuate this demand, according to research.

Aussie homes biggest in the world: CommSec
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