With listings 20 per cent below average and values climbing, experts say the supply-demand imbalance could push annual growth into double digits.
The drop was driven by a decline in the number of semi-detached, terrace houses, townhouses and apartments.
Economists suggest unexpected rise in CPI will mean a September rate cut is unlikely - but expect the RBA will trim in November.
Sub-penthouse in swanky Sydney precinct confiscated as part of long-running investigation into excise fraud involving the import of alcohol.
Regulator says using a MyGov-style, multi factor authentication-enabled portal is the best way best scams that are costing millions of dollars.
Unwitting or greedy accomplices are handing over their details so that fraudsters can set up complex stings and funnel funds out of the reach of Australian authorities.
We need to be reinforcing verbally and consistently that we're never going to e-mail BSB and account numbers to clients, industry leader Brook Durling says – as new figures show the threat of devastating multi-million-dollar losses is growing.
Property Council, Master Builders Australia and the Housing Industry Association all back government moves to address National Accord backlog.
Research shows 2,127 capital homes scheduled for auction this week – marking the first time auction volumes have risen above 2,000 since late-June.
Industry association PrefAUS has ambitious targets of 30 per cent of all construction by 2033 - and wants to be a big player at the Brisbane Olympics.
Get Australian Conveyancer News Alerts pushed to you
All news, articles and insights on the Australian Conveyancer are available free and online. Subscribe to receive these insights direct to your inbox every week. Stay on top of the issues affecting the industry and your business.