Economy

Politicians from the key political parties have demanded the creation of a dedicated housing ministry to help make property more affordable.

Property and finance are two of the bright spots in an otherwise sluggish economy, a new business survey has found.

Liberal, Labor and Greens parliamentarians have joined forces to call for an end to stamp duty.

The Real Estate Institute of Tasmania (REIT) has said the housing market is on the way up after house sales reached their highest level since 2010.

This week’s Budget may have killed off the chance of another rate cut, with industry figures cautiously optimistic about the impact it will have.

The number of owner-occupied mortgage commitments has hit its highest level since September 2009.

The Abbott government's second Budget could provide further stimulus to the record building boom that is currently occurring.

Australia will build 41 per cent more homes in 2014/2015 than three years ago – yet the country is still facing a supply shortage.

A Westpac senior economist has highlighted a steep increase in mortgage 'churn' following the release of the latest housing finance figures.

A new report by the Reserve Bank of Australia has warned that rising unemployment and household indebtedness could have a severe impact on Australian borrowers.