Joseph Stiglitz is something of a ‘rock star ‘in left-leaning economic circles, but his suggestions to make housing more affordable didn't seem to convince Jim Chalmers.
Residents have been put on notice to move out as public housing advocates fight a plan to reduce city towers to rubble.
Other states are "very keen to sign up" to a federal plan for 100,000 new first homes after Prime Minister Anthony Albanese announced the opening deal.
A lack of basic infrastructure across major growth areas in Australia is preventing the construction of thousands of new houses.
Foreign investment should be seen as a requirement for major housing developments rather than a handbrake on new projects.
A peak advocacy group has called on the Government to curb tax breaks for investors and concentrate on increasing the number of social housing complexes nationally.
Spending blow-outs by the government will force the Reserve Bank to hike rates, critics say, but the treasurer argues the private sector is driving inflation.
An RBA system issue that caused property settlements to stall this week has prompted apologies from the central bank.
Government policies and inflation rates have put a fire under the property market, particularly in the second half of 2025. But the heat has really come to Western Australia, pushing prices higher than expected. Finding bargains in Perth this year will be hard, a national market report claims.
Analysts are warning of an imminent Reserve Bank rate hike, after the central bank's preferred inflation measure came in above forecast.
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