The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 3 July.
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.
Ministers play down price slides as housing values dip
Federal ministers have insisted that recent price falls are moderate, even as fresh data shows some markets significantly turning.
Affordability plunges to 30-year low as costs climb
New figures have shown affordability plummeting to its lowest point in over 30 years, with borrowers under increasingly intense strain.
Income limits raised for Help to Buy
Taxable income limits for the government’s shared equity home buying scheme have increased for the financial year 2027, with 10,000 new places now available.
Majors say RBA minutes strike ‘hawkish’ tone
Economists at the major banks have read the June RBA minutes as hawkish, with the central bank pointing to persistently above-target inflation.
Investor activity slows as property market loses traction
Investor activity has threatened to decline, with property values suffering their largest drop in the past three years following the government’s tax settings decisions in the latest budget.
Forecast: House values to fall by over $100k
House prices could fall by more than $100,000 in major markets as affordability pressures reshape buyer behaviour, shifting demand towards units and further fragmenting the housing market.
Booming mid-sized capitals see property values falter
The capital city markets have been hit with the largest monthly decline in property values in the last three years, as budget decisions and economic headwinds apply the brakes on price growth.
Recent buyers exposed to resale losses as market downturn looms
Despite the recent market slowdown, the number of people losing money on property has continued to fall, but COVID-19-era purchasers have been the most exposed to losses.
[Related: Hot Property: The biggest property headlines from the week 22–26 June]
Want to see more stories from trusted news sources?
Make The Adviser a preferred news source on Google.
Click here to add The Adviser as a preferred news source.
