Reaching negative equity is a ‘very real possibility’
But some economists say concerns are 'overplayed' and any instances of negative equity 'would be rare'.
But some economists say concerns are 'overplayed' and any instances of negative equity 'would be rare'.
Australia’s current housing crisis has been four decades in the marking, says Federal minister Clare O’Neil. And the “madness” of development red tape is at the root of the issue.
As the scale and uncertainty of the Middle East conflict escalates, so too does the anxiety around Australian housing crisis. The war has forced the sector to lower its expectations around the country new home building targets.
Leading conveyancers have their say on what the Federal Government must do in the Budget to support housing.
With prime land lots expensive and hard to secure, big residential building developers are reaching for the sky in big projects. Skylines are changing and Queensland’s Gold Coast is leading the way.
Australians collectively earned $1.3 trillion in pre-tax personal income for the financial year ending 2023, the latest Bureau of Statistic data has reveals. It was a 5.7% hike over the year prior. But earning the smallest piece of that was the accommodation and food service industries.
The average prices of homes across the country have had unusually strong month, in part because of government incentives are pushing up demand.
While the national housing construction target dominates headlines, the roads, rail and critical community infrastructure need to be developed on step, peak bodies warn.
In a parliamentary inquiry into law enforcement, Australian real estate boss says agents need to be on top of obligations and the rules of engagement.
While it will take all states to contribute to the national new home building target of 1.2 million constructions by 2029, Victoria is currently leading the charge.