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ISCOVER
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 14 March.
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:
Brokers see surge in pre-approvals as home-buying confidence rises
Borrowers have been flocking to brokers to access pre-approvals and take advantage of lower rates as home-buying sentiment rises.
Australia’s rental market growth continues amid the affordability crisis
Australia’s affordability crisis has grown further following rental cost increases and stagnant income growth, with NSW and South Australia deemed the “worst” markets for renters.
High-end market shows signs of recovery in February
Australia’s high-end housing market rebounded in February, signalling potential early signs of a broader market recovery.
Brokers increase support as housing affordability hits lowest level on record
More brokers are stepping up their support to borrowers after new data shows that mortgage repayments consume more than half of the average family income.
Rate cut leaves housing market in delicate balance
Lower interest rates will drive a modest improvement in the housing market, although continuing affordability and supply-side issues will limit growth, according to Westpac.
Cheaper to own? 300 suburbs where home ownership beats renting
Houses and units in more than 300 suburbs nationwide are now cheaper to buy than rent, with Darwin and Perth spoiling buyers with the most options across the capital cities.
While Perth’s median house and unit prices rose once again last month, the city’s rental market’s growth rate has begun to slow.
AFG Home Loans adds mortgage offset feature to products
The lender has introduced a multiple offset feature on two home lending products in response to growing customer demand.
[Related: Hot Property: The biggest property headlines from the week 3–7 March]
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