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‘Softer than we thought’: RBA’s admission on inflation

SURPRISE inflation data, which came in lower than expected and below the central bank’s own forecasts, was due to softer fuel prices, according to the RBA’s chief economist. Figures released on Wednesday revealed headline inflation for June fell from four per cent to 3.8 per cent, the lowest level since the start of the US-Iran war in February. Trimmed mean inflation, the preferred measure for the RBA, remained steady at 3.6 per cent, below the central bank’s prediction of 3.8 per cent. But the bank’s chief economist and assistant governor Sarah Hunter said it

Housing approvals rebound, but still behind targets

‘Contentious settlement solution’ under the microscope

Councils ordered to plan for housing 30 years away

Practice raises ‘serious contractual and legislative concerns’

Immigration debate ‘has not kept pace’ with the data

People are thinking twice about spending their money

Productivity Commission hits the right note

A NEW report has reinforced the premise that Australia cannot solve its housing affordability crisis without making it easier to build more homes. Matthew Kandelaars, Property Council o

Red tape strangling housing crisis efforts

ALLOWING three-storey townhouses to be built on most residential land is one of the key recommendations of a major report outlining what Australia needs to do to fix its housing c

PROPERTY markets have entered a period of pronounced “negotiation tension” as prices soften and confidence dips, real estate professionals have said. According to the Real Estate Buyers

Home values decline due to Budget changes

AUSTRALIA’s home values are continuing to fall as investors and first home buyers alike nervously survey the market after the Federal Budget. Domain data shows homes in almost all