An interest rate cut is back in the running on Melbourne Cup Day as surprising unemployment figures offer borrowers hope of a home-loan victory.
Rental stress in Australia’s biggest city has hit record levels, with the average tenant now spending more than 30 per cent of income on rent, the real estate industry’s peak body said.
A lift in expectations of an interest rate cut have provided a springboard to send Australian equities to new highs, after weeks of consolidation.
Australia is set to see a bumper weekend of auctions this weekend, with Melbourne expected to witness more than 1,100 home go under the hammer.
Australia's jobless rate has soared to 4.5 per cent, the highest level since 2021, defying predictions from economists.
Official data showed a surge in overseas entrants to Australia in August, which a think tank says is exacerbating pressure in the country’s housing market.
Construction is behind schedule by tens of thousands of homes, fresh figures reveal, after the first full year of a Federal Government housing goal.
Melbourne last week beat Sydney on auction clearance rates, which have surged to their highest levels in three weeks across the nation’s capitals.
Attempts to speed up housing approvals will come under scrutiny with calls for greater oversight and the exclusion of mines and renewable projects.
Australian farmland values are down 3.8 per cent in the first half of 2025 - the first dip in over a decade - but there are some causes for optimism.
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