The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 18 September.
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.
FHB slump intensifies as mortgage demand sinks
New data has revealed that borrowing appetite remains weak, with younger buyers facing the sharpest retreat.
Houses hold profit lead with downturn set to lower gains
New figures have revealed houses remain substantially more profitable than units and that the housing downturn is expected to erode resale gains further.
O’Neil defends tax changes amid falling FHB mortgage demand
Housing Minister Clare O’Neil has defended Labor’s property tax changes amid a sharp fall in first home buyer mortgage demand.
FHB lodgements recover slightly as investor pre-approvals plunge
Fresh data has revealed a modest August lift in first home buyer loan lodgements, while investor pre-approvals have fallen significantly.
The $157m hit making Sydney and Melbourne listings harder to win
After years of strong equity growth, softer housing values are beginning to weigh on resale profits, with the latest data highlighting growing disparities between houses and units.
Buyers eye medium-density dwellings as houses fall further out of reach
Despite cooler market conditions, detached houses remain above many buyer budgets, while town houses have increasingly emerged as an affordability bridge to close the gap.
Higher rates put rental growth in the spotlight for commercial investors
The higher-for-longer interest rate environment has prompted a drastic shift in the commercial property landscape, reinforcing the importance of asset selection and rental growth to drive returns.
The perfect portfolio test: Why investors should wait and analyse before switching strategy
Rather than jumping the gun and reacting to market changes, investors should take a patient approach and trust their long-term plans.
[Related: Hot Property: The biggest property headlines from the week 7–11 September]
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