Building more than a million homes is a high bar to clear in a stagnant housing market, but the government says it is committed to railing on red-tape.
More rate cuts might be needed to boost Australia's fragile economy with soft household consumption figures contributing to stalled growth.
Buyers and renters are faring better for the first time in 12 months, according to new data.
Building and construction is moving in the right direction but still faces enormous challenges as we head towards end of the National Housing Accord’s first anniversary.
Prices for houses climbed from $490,000 in March 2020 to $790,000, with unit prices jumping from $385,000 to $640,000, a 66.23 per cent increase.
A bid to sell a racecourse in Australia's urban heartland to build 25,000 homes has been scratched as eyes turn to the last working port in Sydney Harbour.
Australia's economic growth weakened to 0.2 per cent in the March quarter, as the private sector struggles to pick up the slack from falling public demand.
Debate continues over allowing independent conveyancers to be able to work without relying on lawyer oversight.
And for those who are in cahoots, knowingly turning a blind eye, the answer is simple: they should be jailed.
The HIA report forecasts that home building will fall 20 per cent short of the Australian Government’s target of 1.2 million new homes over the five years.
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