Rare chance to see Reserve Bank react to inflation data
Stars have aligned for central bank watchers, with the Reserve Bank’s top brass set to appear at a Senate hearing as crucial inflation data drops.
Market
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Economy
Runways to riches? WSA a billion-dollar bet
Australia’s first new international airport in 30 years is ready to take flight but now shoulders the weight of great economic promises built around it.
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Economy
‘Look to the sky’: historic second Sydney airport opens
Western Sydney International Airport will welcome its first commercial passengers on Sunday after decades of planning and years of construction.
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Market
Federal funding is needed in NSW
Advocacy group says ‘NSW cannot afford to waste any more time securing the funding needed to deliver more homes’.
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Market
Doom and gloom: House prices on downward spiral
Leading economists are saying ‘this would be Australia’s largest nominal housing downturn in over 40 years’.
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Market
Land lease trend: The groundswell of support
Conveyancers will be the winners as the property industry see a surge in land lease develop, according to the Property Council of Australia.
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Regulation
Sector to reflect, reset and reload as market uncertainty bites
What we’ve seen and how we will handle what’s coming down the pike: Australian Conveyancer’s What’s Next? event will put AI, the economy and the AML/CTF overhaul on the agenda in Sydney this November.
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Market
Bushfire bill blows out to $6b a year as climate warms
Researchers have put a figure on the growing toll of bushfires in Australia but say better preparation could prevent billions of dollars in losses.
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Market
Few affordable homes go to those in need
Without a national definition of affordable housing, rents are often set too high and affordable homes seldom go to those who need it, a think tank reports.
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Market
New property data shows record house price decline
Expert says ‘we need to make some robust policy decisions that are not going to be popular at a national level’.
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Economy
Sunshine State beautiful one day, perfect the next
Economist says ‘it used to be Sydney, then Melbourne, then Brisbane. Now I think it’s Sydney, Brisbane’ for population destinations.
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Market
Construction costs on the improve
But Cotality says ‘timing and magnitude of future increases will depend on how domestic and global market conditions evolve’.
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Market
Almost one in three to invest in anything but housing
New data shows ‘a sustained decline in investor activity ultimately means less capital flowing into the residential market’.
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Market
Chance to address ‘flaws’ in upcoming tax amendments
UDIA boss says ‘this is a critical inquiry because it is clear that the current housing tax settings simply don’t make the grade’.
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Economy
Sweeping job cuts to hit NAB workers
An estimated 2500 jobs will be cut at National Australia Bank in the latest restructure at a major lender.
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Market
Developer Stockland latest to embrace data centres
Property group Stockland is engaging in community consultation as it works to build seven new data centres in industrial areas.
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Economy
Higher for longer: why low rates are relics of the past
There’s growing evidence that interest rates are becoming less effective at slowing demand, meaning central banks must lift rates further to ease inflation.
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Market
Many holding back from buying their home
New Westpac consumer report says ‘the market has paused as people try to make sense of conflicting signals’.
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Market
Melbourne auctions take a big hit under new rules
Decline in the national number of houses to auction drive by “sharp reduction” in Victoria in first week of reserve disclosure law.
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Market
Dual funding invests in urgent infrastructure
Deputy premier says ‘by providing funding to get the vital infrastructure in place, the builders can get building’.
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Market
New survey shows construction costs ‘main barrier to home supply’
NAB survey shows ‘weaker price expectations don’t remove the underlying supply challenge’.
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Market
Poor new home sales data shows ‘housing shortage not solved’
HIA says any ‘improvement in home building activity will be short-lived unless market conditions improve’.
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Market
Government misses the mark with new housing bill
Advocacy body says new legislation ‘means investment will go elsewhere and desperately needed homes will not be built’.
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Market
Change will benefit retirement villages
Peak body says ‘capturing retirement villages in these reforms would have been an unforgivable own goal’.