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Mortgage arrears have risen to levels not seen since 2010, but are not at a point that poses a risk to the financial system or households, according to a Reserve Bank of Australia (RBA) official.
Treasurer Dominic Perrottet handed down the New South Wales budget on Tuesday—and it delivered a record infrastructure spend to drive investments despite reduced stamp-duty revenue, according to the Property Council of Australia.
More than half a million homeowners across Australia’s eastern seaboard have enough space on their property to build a granny flat, which could boost home values by 30% and add around 27% to rental income, according to an analysis by CoreLogic and Archistar.