And for those who are in cahoots, knowingly turning a blind eye, the answer is simple: they should be jailed.
The HIA report forecasts that home building will fall 20 per cent short of the Australian Government’s target of 1.2 million new homes over the five years.
RBA rate cuts could fuel price rises of 6 per cent to 10 per cent by early next year, experts are predicting.
Stark warning from the Property Council after another set of statistics showed a second month a row decline in approvals.
Victoria's second city takes first place among movers, as net migration to regional Australia climbs 40 per cent above pre-Covid levels.
Australia's economic momentum remains fragile with unseasonably warm weather and consumer concern contributing to weaker retail sales.
Homes going under the hammer are at busiest level since before Easter - with 2,816 auctions scheduled this week.
AUSTRAC has unveiled new guidance around anti-money laundering reforms and given the sector a month to make submissions to the latest changes.
Introducing independent conveyancers would undermine safeguards, exposing consumers to significant risks, says prominent lawyer.
Expectations of further cuts on the horizon point towards increases in new home sales in the months ahead, housing industry economist says.
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