Productivity body hits the right note
Peak property body agrees 'the nation’s housing targets will not be achieved by minor tweaks around the edges'.
The challenge of finding a new home
Peak property body agrees 'the nation’s housing targets will not be achieved by minor tweaks around the edges'.
Real estate group says vendors are still anchored to peak prices from months ago, while buyers respond to economic conditions.
The Reserve Bank governor says interest rates may need to go higher, as Australia's weak productivity problem locks households in for lower living standards.
Allowing more homes to be built in places where people want to live will help fix Australia's housing crisis, the Productivity Commission says.
Despite a rise over the last two weeks, 'auction volumes have remained consistently below levels recorded a year ago'.
Premier says 'Queensland now has more homes under construction than at any point in the state's history'.
'Large parts of Australian cities remain subject to lot size requirements that no longer reflect modern housing needs.'
A historic greyhound racetrack will be shuttered by year's end as the housing crunch forces a government to think outside the box and consolidate prized land.
Property expert says when interest rates are higher, it reduces borrowing capacity and makes it difficult to save for a home.
New report says 'households becoming more cautious in response to higher borrowing costs and increased uncertainty'.