Pre-approved house plans could be ready for construction in 10 days, in what NSW government hopes will ignite sluggish planning system.
But the two cuts that have taken the cash rate to 3.85 per cent have helped cement a level of confidence in the building and construction sector.
Forecasts predicting a shortfall in the Housing Accord target reflect broader issues - from workforce shortages to planning red tape and infrastructure gaps.
Australia is facing a 285,000-home shortfall on the National Accord’s target of building 1.2 million homes by 2029.
Leaked advice on the government's new home target has failed to ruffle the treasurer, who says having an ambitious goal is better than building too few homes.
Businesses and mortgage-holders banking on a cut to interest rates will have to wait more than a month before the next opportunity for financial stimulus.
REINSW board member Jo Natoli fears tenant reforms could lead to thousands of properties taken off the market.
Reserve Bank rate calls are no longer having as much of an impact on buoyant property market, according to conveyancers.
Australia's central bank has left indebted households and businesses waiting longer for much-needed relief with its decision to keep the cash rate unchanged.
New Australian Bureau of Statistics data confirmed the Sunshine State has bragging rights with homeowners flocking to Queensland.
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