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real estate market

Nation bans foreigners from buying homes

A ban on foreigners buying residential property in Canada took effect Sunday, aiming to make more homes available to locals facing a housing crunch.Several exceptions in the act allow individuals such as refugees and permanent residents who…

Shock detail in company’s $1.4m collapse

A Melbourne building company that collapsed owing $1.4 million did not operate a bank account in its own name for almost five years, raising questions about where customers’ money was being deposited, according to a liquidator’s report.In…

RBA warns property prices to plunge 20%

The Reserve Bank of Australia (RBA) predicts that property prices will plunge by a whopping 20 per cent thanks to back-to-back interest rate rises. By 2024, house and unit values are expected to lose a fifth of their value – all but wiping…