NewsBite

First-home buyers

Today

Mortgage brokers say NSW payroll tax claims will impact access to finance for first time buyers.

Mortgage brokers go to war with NSW over tax grab

Moves by the state to levy payroll tax on aggregators connecting mortgage brokers with lenders will force some of them to quit the industry.

  • James Eyers

Yesterday

Why nobody’s biting in these buyers’ markets

Buying conditions have dramatically improved, but buyers are shunning markets that are oversupplied with investor units from the last boom.

  • Nila Sweeney

September

Something’s got to give: But quick-fix measures to boost housing construction will only push up prices, industry figures warn.

Why Australia’s home-building outlook just got worse

As the country struggles to increase production of new housing, the minister responsible says the federal government will play a more active role.

  • Michael Bleby

Why spring property is turning in favour of Sydney buyers

For the first time in years, house buyers have an edge. The fear or missing out has eased with prices moderating in Sydney and falling In Melbourne.

August

The two-bedroom, one-bathroom apartment with car park at 12/20-24 The Parade in inner-western Sydney’s Russell Lea sold at auction for $1,063,000.

The $1m apartment downsizers wouldn’t touch

It had stairs – lots of stairs – faced south and needed a ton of work. But first home buyers fought hard for it.

  • Michael Bleby
Advertisement

The Sydney suburbs where rents are falling

Asking rents have fallen in Sydney, Melbourne, Brisbane and Perth. It’s not the end of the rental crisis but could mean the worst increases are over.

  • Nila Sweeney
The two-bedroom, semidetached home on 158 square metres at 12 Redmond Street in inner-western Sydney’s Leichhardt sold by private treaty for $1.43 million.

Vendor goes for ‘bird in hand’ to sell terrace for $1.43m

In a market with two camps of buyers, those on the rebound are acting faster than those thinking the market might slow more.

  • Michael Bleby
Lendi’s data showed that it took a big four bank about 20 days to discharge a mortgage.

Investor borrowing picks up to a two-year high

Vacancy rates have risen and rent growth is slowing, but Australia’s tight housing market is attracting investors, especially as confidence about interest rates grows.

  • Michael Bleby

July

The three-bedroom, single-garage townhouse at 7/72-78 Flora Street in southern Sydney’s Kirrawee sold before auction for $1,281,000.

First home buy costs $1.28 million – and 858km

Affordability is pushing rookie property purchasers to look more widely than before. But they’re often also older, and have more money to spend.

  • Michael Bleby

June

Not just severely unaffordable but now ‘impossibly’ so: Sydney is the world’s second-least affordable city for housing, according to the latest Demographia report.

‘Impossibly unaffordable’ housing a social risk: report

The level of housing price relative to incomes poses an “existential” risk and demands a rethink of urban growth boundaries, a new global report says.

  • Michael Bleby

This council is mulling doubling rates for landlords

A Greens-led Melbourne council is mulling charging landlords rates four times higher than owner-occupiers to help more first home buyers into the market.

  • Gus McCubbing
More for buyers: SA Treasurer Stephen Mullighan, left.

SA removes stamp duty for first home buyers on all new builds

The pre-budget announcement is a concession that soaring house prices have sabotaged the effectiveness of last year’s more modest exemption.

  • Michael Bleby
One of the principal benefits of home ownership is long-term financial security.

Why Gen Z’s share portfolios should be free of capital gains tax

There’s little prospect of housing affordability improving, so the portfolios of young savers should get the same tax-free treatment as the family home.

  • James Weir

May

Why would anyone want to invest in Melbourne’s housing market?

Some experts are predicting Melbourne’s housing market to bounce back strongly in the next two years, but others warn about getting in too early.

  • Nila Sweeney
The home at 21 Coventry Lane in NSW Central Coast’s Hamlyn Terrace sold at auction for $780,000, $50,000 more than the identical neighbouring property sold for in November.

First home buyers purchase from investors in $780,000 sale

This Central Coast home’s proximity to the M1 highway made it popular with tradies commuting to Sydney – and with rates outlooks stabilising, they were confident about buying.

  • Michael Bleby
Advertisement
The lower end of the housing market could get even more competitive in the coming months according to experts.

Why $800,000 homes are in hot demand

Competitive pressure is building up in this segment of the market as investors and first-home buyers return in droves.

  • Nila Sweeney
Housing news from Victoria budget 2024.

Australia to fall 300,000 homes short of Albanese’s target

The housing industry welcomes official recognition that the country will fall short of its goals, but warns demand for new homes is still underestimated.

  • Michael Bleby

A housing boom is coming – for the wealthy

Investors, downsizers and upgraders will drive the next wave of residential development. First home buyers will hardly get a look in.

  • Michael Bleby
House prices would continue to rise despite the prospect of further rate rises or delayed rate cuts according to experts.

‘Bullet-proof’ house prices to keep rising despite higher rates

Chronic housing supply shortage would shield prices from sharp downturn if interest rates increase further, or stay higher for longer, experts say.

  • Nila Sweeney

April

Median house prices in Brisbane and Adelaide to hit $1m by December

House price growth momentum has slowed across the capital cities, but is still expected to hit new records this year according to Domain.

  • Nila Sweeney

Original URL: https://www.afr.com/topic/first-home-buyers-1mri