Login
iscover
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 24 November.
To compile this list, not only do we consider the week’s most-read stories and the news that matter most to you, but we also curate it to include stories from our sister brands that also have an impact on the Australian property landscape.
Here are the biggest property stories of the week:
1. Why Victorian home buyers will be worse off under Help to Buy
Nearly 30 per cent of Victorians currently eligible for the state’s Homebuyer Fund would no longer qualify for the federal government’s proposed Help to Buy scheme as a result of stricter income limits and reduced property price caps.
2. Qld becomes the second-largest investor market
Queensland has risen to become a key player in the investment property game by becoming the second-largest investor market, new data from Money.com.au revealed.
3. November market insight: A state-by-state analysis of the Australian property markets
Australia’s property market has been resilient in the face of increasing interest rates, a new report from Property Investment Professionals of Australia (PIPA) has shown, with Perth, Adelaide, and Brisbane topping 2024 for annual capital growth.
4. Apartments beat houses for price growth in October quarter
Recent industry findings have shown that rising dwelling values and rental costs have pushed the median dwelling value-to-income ratio to a two-year high and intensified interest in the apartment market.
5. Average home loan size up more than 10% YOY
The average size of a home loan rose across every state and territory during the September quarter.
6. The suburbs favoured by cash buyers in FY24
Roughly one-quarter of buyers pay cash, but they’re all largely into a handful of suburbs.
7. Median income needed to service a new mortgage rises to 50.6%
Housing affordability has worsened further towards the end of 2024, with it now taking more than half of the median household income to service new loans.
You are not authorised to post comments.
Comments will undergo moderation before they get published.