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The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 8 December.
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. Spring sales disappoint as buyers gain the upper hand
Recent industry data has indicated that a surge in stock level and weaker sales volumes over spring have tilted the balance in favour of buyers, leaving sellers with softer market conditions.
2. National median dwelling price hits $800k
Australian dwelling prices have hit a new record in November across the country, reaching a median home price of $800,000 for the first time.
3. Mortgage industry applauds home ownership inquiry recommendations
Members of the broking industry have welcomed the final report from the Senate’s home ownership inquiry.
4. The property feature that fell out of favour in 2024
Data from Domain reveals how buyer search behaviour changed over the course of 2024.
5. Home buyer ‘almost’ scammed $1.2m
A Westpac home buyer nearly lost over $1 million after a fake conveyancer email asked him to transfer his settlement money. His banker’s gut feeling saved him.
6. What’s driving the new surge in building approvals?
Housing approvals in October hit a 22-month high, but will the trend continue?
7. Mortgage stress at its lowest since February 2023
New research has shown levels of borrowers at risk of mortgage stress have continued to ease.
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