The challenge of finding a new home
Higher rates and affordability pressures are threatening to push the housing market into a decline, with prices in the two biggest cities already on the slide.
Corporate behemoth Wesfarmers, the owner of Bunnings and Kmart has pulled those two big names together to create a “prefab” home construction business that promised to deliver dwelling cheaper and twice as fast as conventional builders.
The central bank, which raised interest rates on Tuesday, has released its latest set of quarterly economic forecasts and the news is not great.
The head of Australia's second-largest bank is more worried about businesses delaying investment decisions than the impact of higher interest rates.
Mortgage holders are set to be cumulatively worse off by hundreds of dollars a month in interest payments since February after another Reserve Bank rate hike.
The head of Australia's second-largest bank has warned the federal government the nation needs to be better prepared for future events, as the war continues.
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.
The fall in consumer confidence around the country is affecting home values. Sydney and Melbourne are the hardest hit.
Housing cost growth is set to pick up steam in the coming months as the Middle East conflict drags on, adding to the Reserve Bank's inflation concerns.
Jim Chalmers has played down suggestions possible changes to negative gearing or capital gains tax would be breaking promises with the electorate.
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