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.
Although 4800 home construction applications got the go-ahead in NSW during September, lobbyists say the national target to ease the home crisis is still a long way off.
Borrowers face the possibility of interest rates going up rather than down again after the Reserve Bank held steady following a spike in inflation.
The rising cost of new homes and services such as takeaway meals were key to the Reserve Bank's inflation miss in September and could rule out future rate cuts.
The recent downward trend continues for Australian shares as investors await hints from the Reserve Bank on the future path of interest rates.
The Reserve Bank of Australia has held mortgage rates steady after a surprise jump in inflation wiped out hopes of more rate cuts.
More than 17,000 dwellings were approved for constriction in September which is good news, but leaders say we are still off the required pace.
Outages, pricing and competition will form part of a probe into NSW e-conveyancing practice. The inquiry comes after the governing body’s delay in an interoperability rollout.
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