Australian homes have reached $11 trillion for the first time - but the speed of growth is slowing, according to latest CoreLogic data.
Analysts are forecasting a busy October and a surge in November as a mixed bag of influences come into play for the spring selling season.
Low apprenticeship numbers will worsen the nation’s housing crisis if action is not taken immediately.
Over the next 10 years, demand for housing is expected to benefit from a combination of population growth of 3.9 million and employment growth of 2.6 million with income rising by $36,000.
Australia is building 15,000 fewer homes than needed each quarter to reach the 2029 target of 1.2 million new homes by 2029, data from the Australian Bureau of Statistics shows.
The Reserve Bank is warning a looming cap on international students could affect economic growth, as a parliamentary report examining the proposal was delayed.
While pessimism still dominates, consumer sentiment read is the best since the RBA interest rate tightening phase began two and a half years ago.
Scheme to allow 40,000 first-home buyers to access cheaper deposits through a shared equity scheme with the federal government - being able to put down a deposit of as little as two per cent - is back before Parliament.
Eight of the country’s top economists on when they think the RBA will make a change to the cash rate.
Master Builders Australia says new Australian Bureau of Statistics data for the month of August revealing a 6.1 per cent decline in the total number of new home building approvals is cause for alarm.
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