Browsing: housing market

Australian mortgage holders continue to face financial strain as rising living costs persist, despite recent interest rate cuts by the RBA. Many Australians struggle to balance mortgage repayments with daily expenses.

New mortgage lending rules aim to ease borrowing for first-time buyers, potentially boosting homeownership by allowing higher loan-to-income ratios. Experts say this could make entering the market more accessible amid rising prices.

Perth house rents have surged to a new high of $700 per week, further straining already tight household budgets. This rise adds pressure on renters in an increasingly costly housing market.