NOT only was Melbourne the strongest housing market in the country in the September quarter, it was also the strongest market in the country over the past 12 months. According to Australian Property Monitors' Quarterly House Price Report, released last month, Melbourne's median house price rose by 11.4 per cent..read more
FEARS are growing the crisis in the nation's $12 billion mortgage fund sector could soon spill into the broader property market, with developers and home buyers at risk of having a key funding tap shut off.
WESTERN Sydney became the nation's breeding ground for low-doc and predatory lenders during the peak of the property boom and residents are now paying the price, with the highest rates of mortgage arrears and repossessions in the country, according to the Reserve Bank.