The 47,645 new dwelling commencement figure revealed by the Australian Bureau of Statistics is behind the 60,000 that is needed per quarter.
But the two cuts that have taken the cash rate to 3.85 per cent have helped cement a level of confidence in the building and construction sector.
Forecasts predicting a shortfall in the Housing Accord target reflect broader issues - from workforce shortages to planning red tape and infrastructure gaps.
Australia is facing a 285,000-home shortfall on the National Accord’s target of building 1.2 million homes by 2029.
Reserve Bank rate calls are no longer having as much of an impact on buoyant property market, according to conveyancers.
New Australian Bureau of Statistics data confirmed the Sunshine State has bragging rights with homeowners flocking to Queensland.
Perfect storm of undersupply - with unit completions falling 40 per cent - and a development pipeline skewed in favour of luxury homes a worry for policymakers.
Regulator does not expect perfection on day one and recognises businesses are up against sophisticated criminals - CEO Brendan Thomas.
Castle Group’s Susan Aagesen shares her passion for property and the challenges and rewards that a career in conveyancing has brought.
Six MPs on the Legislative Council aired their views about the ongoing issues impacting the sector.
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