Workers in the private sector are still clocking robust pay growth but the pace has been gradually slowing over the past year, reflecting a softening jobs market, according to the latest Australian Bureau of Statistics figures.
More than 5,000 customers are expected to join a $100 million class action against the BGC Housing Group building group after the case was lodged in the Western Australia Supreme Court.
Housing industry advocacy groups have called on the government to clarify policy on the build-to-rent sector, claiming that incentives would support building more than 100,000 affordable homes.
Master Builders Australia chief executive Denita Wawn has urged the Federal Government to make it easier for skilled migrants, claiming they are a vital part of the housing crisis fix - and the only way to build 1.2 million homes in the next five years.
The NSW Law Society has updated guidelines for solicitors involved in property transactions and warned them against giving advice where they are not qualified, urging them to seek expert scientific advice.
The Reserve Bank of Australia’s decision to keep the cash rate at 4.35 per cent for the sixth consecutive meeting will not have a dramatic impact on the housing market, experts say.
Incentives to build more rental properties in the midst of a housing crisis may not improve the landscape unless protections are built in, experts warn.
In the midst of the housing and rental crisis, laws are being introduced to slow the frequency of rental increase imposed by landlords.
Interest rates, labour shortages and investor confidence are contributing to weak building approvals, but there are signs of recovery in detached homes.
Australia’s competition watchdog will not get directly involved in a stalemate that threatens to delay opening up the eConveyancing platform to competitors, as it’s not the relevant regulator.
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