The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 24 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.
Auditor-General review flags housing delivery concerns
The Auditor-General has warned there is now “considerable uncertainty” surrounding the delivery of the government’s signature housing programs.
Mortgage demand ‘hits a wall’ as downturn gathers pace
New Equifax data has shown mortgage inquiries tumbling across every state and age group, signalling a major shift in how households are approaching debt.
Tax reforms eclipse interest rates as top house price drag: API
Federal government tax reforms have overtaken interest rates as the single biggest downward pressure on Australian property prices, new industry research from the Australian Property Institute (API) has revealed.
Home ownership rates plateau as Sydney plummets
New modelling has revealed that owner‑occupier rates have barely shifted since 2021, masking stark state‑by‑state divides.
Established homes could deliver nearly $600k more
As recent tax reforms push investors towards new builds, those who continue to purchase established properties will see more returns, with modelling showing some could get nearly $600,000 ahead.
Mortgage demand drop opens door for investors
With market activity slowing and mortgage demand decreasing nationally, an opportunity to act has presented itself for investors ready to transact in what is shaping to be a buyer’s market.
Downturn deepens as capitals see first quarterly price fall in 3 years
Houses and units across the combined capitals saw their first quarterly decline in more than three years, as the downturn continues to cause softening conditions and dampening sentiment.
Perth reaches $2m record mark despite cooling market
A record number of Perth suburbs are now part of the $2 million club, highlighting how dramatically the city’s housing market has shifted. But with growth easing, the next phase could test pricing strategies and vendor expectations.
[Related: Hot Property: The biggest property headlines from the week 6–10 July]
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