Mortgage holders will face higher borrowing costs after the Reserve Bank raised interest rates by 0.25 percentage points in a widely anticipated decision.
Two incorrect assumptions have set the Reserve Bank on track for a costly U-turn on interest rates, with borrowers facing steeper repayments on their mortgages.
Property experts across the country are supporting a lift in house prices this year but they remain wary of the effect of potential interest rate hikes.
Home price growth picked up in January, but results were mixed across the capital cities, with one jurisdiction leading the way on rental affordability.
The Reserve Bank is widely tipped to become the first major central bank on Tuesday to U-turn from rate cuts to rate hikes in the post-COVID inflation era.
Joseph Stiglitz is something of a ‘rock star ‘in left-leaning economic circles, but his suggestions to make housing more affordable didn't seem to convince Jim Chalmers.
Residents have been put on notice to move out as public housing advocates fight a plan to reduce city towers to rubble.
Other states are "very keen to sign up" to a federal plan for 100,000 new first homes after Prime Minister Anthony Albanese announced the opening deal.
A lack of basic infrastructure across major growth areas in Australia is preventing the construction of thousands of new houses.
Foreign investment should be seen as a requirement for major housing developments rather than a handbrake on new projects.
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