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.
There are currently 2,007 capital city homes scheduled for auction, up 9.3% on last week when 1,836 homes were taken to auction, but substantially down on the same time last year when that figure stood 2,446.
Rental growth is starting to ease after four years of runaway rises and prices climbing more than by 40 per cent, according to analysis by both Domain and PropTrack.
Demand for houses heading towards the $20 million mark is strong, with local buyers and upgraders the most active in the prestige residential market, a new CBRE survey shows.
Conveyancers must avoid generic anti-money laundering compliance programs when new rules are in force, AUSTRAC is warning as it rolls out new guidance.
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