The numbers that drive our future
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.
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.
RBA rate cuts could fuel price rises of 6 per cent to 10 per cent by early next year, experts are predicting.
Stark warning from the Property Council after another set of statistics showed a second month a row decline in approvals.
Victoria's second city takes first place among movers, as net migration to regional Australia climbs 40 per cent above pre-Covid levels.
Australia's economic momentum remains fragile with unseasonably warm weather and consumer concern contributing to weaker retail sales.
Homes going under the hammer are at busiest level since before Easter - with 2,816 auctions scheduled this week.
Expectations of further cuts on the horizon point towards increases in new home sales in the months ahead, housing industry economist says.
Cash rate has a three in front the first time in two years, after the RBA cut interest rates by 25 basis points. But was the 112 times Michele Bullock mentioned "uncertain" a more important number.
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