Some markets up, others adjusting. Also in the news this week, house approvals strong; decorating ideas for tenants; and ASIC investigates mortgage offset accounts
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Property value growth continued a patchy downward trend in July, due mainly to falls in the more expensive home market, new figures show.
Cotality’s monthly national Home Value Index (HVI) fell 0.7 per cent in July, the largest single-month decline since December 2022.
Approvals to build new homes lifted again in June, according to data released this week by the Australian Bureau of Statistics (ABS).
The latest figures show that the total number of dwellings approved rose 7.2 per cent in June to 18,328, seasonally adjusted.
Hidden mortgage offset failures are costing Australians millions in lost interest savings, ASIC announced this week.
Millions of Australians rely on mortgage offset accounts to reduce the cost of their home loan, but an ASIC review has found customers might have been unknowingly paying more interest than they should because some banks failed to properly manage offset accounts.
It can be hard for renters to watch renovating shows and not be able to achieve such dramatic change in their own living space. But making some personal impact is not necessarily impossible. We take a look at just what can be done without knocking down walls or even just adding hooks on a wall.
In case you missed it, next Tuesday (11 August) is Census night, and the Australian Bureau of Statistics (ABS) is reminding everyone to check their mailboxes for instructions on how to participate.
Most households will receive instructions to complete the Census online, with paper forms available on request for those who prefer them. Grab a cuppa, because the ABS expects it will take the average household around 30 minutes to complete the form.
The UK government has announced the imminent rollout of plug-in solar panels that can be fitted onto balconies to help reduce household energy costs.
Expected to be sold in UK stores before the end of summer, the low-cost panels, which are already widely used across Europe, connect directly to a mains socket and can be placed on balconies, roofs or any outdoor space without installation. Image: Ingrid Balabanova
