Price rises of 7.6 per cent are more than double the rate of CPI, signaling another dent in the government's 1.2 million homes target.
The Independent Broad-based Anti-Corruption Commission has laid more charges as part of its investigation into alleged financial gains linked to builder registrations signed off by the Victorian Building Authority.
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Renters could save up to $2,600 in interest over 10 years to provide much-needed emergency savings if required.
While 60,000 new homes are needed every quarter, only 44,884 homes were built across Australia in the three months after the Accord kicked off.
The slowing property market is turning into a win for renters and first-time buyers, according to economists.
At the current pace, only 183,996 of the 322,000 new dwellings needed in Greater Sydney by July 2029 will be delivered.
Despite the Greens pivoting towards the plight of renters ahead of the election, tenants are giving more backing to the major parties, polling has revealed.
An independent development approval arbitrator is needed to consider appeals after number of cases doubled in a decade, according to HIA
The 169,140 new homes approved in 2024 is 30 per cent lower than required to achieve the 1.2 million National Housing Accord target.
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