Anglicare has declared the plight of low income renters in Mudgee “dire”, after a national survey failed to find even one rental property in the town which would be deemed “affordable” for a family on a single minimum wage. Anglicare’s National Rental Affordability Snapshot examined about 50,000 properties across every state and territory on the [...]

Two years ago, Reserve Bank governor Glenn Stevens gave punters a very public warning not to bet on house prices rising. It turned out to be good advice. Now the RBA is pointing to housing remaining subdued until lower purchase prices, higher rental yields and population growth get us building again.

The Sheriff’s sale of a repossessed house in Melbourne’s west for $1000 — that was worth an estimated $630,000 — has today been overturned by the Victorian Supreme Court.   The five-bedroom, two-storey brick house in Wirraway Avenue, Braybrook, built in 2006 by owner Zhiping Zhou, was repossessed by the Sheriff in late 2009 after [...]

Appetite for mortgages has risen for the first time in two years, unofficial data show, offering hope that home prices may lift in the months ahead. Mortgage inquiries rose in 1.5 per cent in the first quarter of 2012, compared to the first quarter of 2011, according to Veda’s Consumer Credit Demand Index. They ticked [...]

A family’s budget-friendly transformation gives their cottage twice the previous space. The Hamilton family finished their budget renovation four months ago so the question is: what does $300,000 get you?

With flood waters bearing down on your home, would you stay to defend it, or would you go? In the wake of the tragic loss of life in Queensland’s flash foods last year, it is, for many, difficult to grasp why this week 90 per cent of the population of a tiny town called Hay, [...]

More than one in 10 Australians downsized their home last year to lower their housing costs, according to a new report. The Citibank research has also found 63 per cent of people don’t think home ownership will be an option for their children, while almost three-quarters think the Government needs to do more to help [...]

The Reserve Bank has left its key interest rate unchanged for a second consecutive month as it weighs improving global conditions against a patchy economy at home. As widely expected, the central bank left its cash rate unchanged at 4.25 per cent, a result tipped by all 19 economists in a Bloomberg survey.

If you buy residential real estate, you will find that, beginning on March 1, the cooling-off rules have changed. On that date, you will no longer lose your right to cool off just because you obtained advice from a lawyer before signing your contract.

The Mid-Western region will have access to four extra flights each week between Mudgee and Sydney beginning Wednesday, February 29. Wednesdays and Fridays: Mudgee to Sydney flight Departing Mudgee 10.30am. Arriving in Sydney 11.20am. Wednesdays and Sundays: Sydney to Mudgee flight Departing Sydney 2.30pm. Arriving Mudgee 3.20pm.