Economy

The federal Budget is an opportunity for the government to support the implementation of the Financial System Inquiry blueprint, according to one industry body.

New home sales have reached their highest level since early 2010, according to a survey of Australia’s largest volume builders.

The impact of the federal Budget on Australia’s economy is likely to overshadow the Reserve Bank’s latest rate cut, according to one industry veteran.

Housing has continued to become more unaffordable, with households spending a larger share of their income on mortgage repayments.

For the second year in a row, an ACT suburb has been named Australia’s top building and population hotspot.

New research by Mortgage Choice reveals that fixed-rate home loan demand has fallen to its lowest level in more than two years.

Property prices continue to surge in Sydney while values have fallen in four of Australia’s capital cities.

Although sentiment towards Australia’s economic outlook has improved over recent weeks, it will be short lived, according to one economist.

Australia could build a record number of homes this financial year after setting its third monthly approvals record in five months.

Industry leaders have warned that the Reserve Bank’s decision to lower the official cash rate today will have serious ramifications for the housing market.