With prime land lots expensive and hard to secure, big residential building developers are reaching for the sky in big projects. Skylines are changing and Queensland’s Gold Coast is leading the way.
Australians collectively earned $1.3 trillion in pre-tax personal income for the financial year ending 2023, the latest Bureau of Statistic data has reveals. It was a 5.7% hike over the year prior. But earning the smallest piece of that was the accommodation and food service industries.
The average prices of homes across the country have had unusually strong month, in part because of government incentives are pushing up demand.
While the national housing construction target dominates headlines, the roads, rail and critical community infrastructure need to be developed on step, peak bodies warn.
In a parliamentary inquiry into law enforcement, Australian real estate boss says agents need to be on top of obligations and the rules of engagement.
While it will take all states to contribute to the national new home building target of 1.2 million constructions by 2029, Victoria is currently leading the charge.
Despite being one of the country’s fastest growing cities, Canberra to slow to move on new home approvals. It has prompted calls for processes to be streamlined.
An NSW parliamentary inquiry into interoperability reform has taken aim at PEXA’s market monopoly and move to hold others out. Its CEO says the reform model is fundamentally flawed.
The price of raw materials such as timber and metal rocketed home construction costs in the September quarter. The Master Builders Association says new build costs have jumped 44 per cent in the past six years.
Western Australia is now the ‘Golden West’. The state capital of Perth recorded the nation’s highest rise in home valuation in September, Cotality analysis has shown.
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