Property

Calls are being made to scrap tax concessions for investors amid concerns they’re ‘subsidising’ the private market at the expense of affordable housing.

Australia’s property market has made a complete recovery following its downturn two years ago, a Domain report has revealed.

Australian house prices will continue to rise this year, economists have forecast, though the pace of growth will slow.

Wealth levels have changed the property buyer profile, CoreLogic’s head of residential research Australia has revealed.

The quarterly rise in the pace of growth for construction costs is not a new surge, rather a return to trend, CoreLogic has revealed.

The number of new homes being built has fallen by 10 per cent to reach a new decade low, according to new data.

Home sales dropped over the 2023 calendar year, however, remain higher than historical averages, CoreLogic has found.

Loan commitments for owner-occupiers have risen once again, the latest ABS data has revealed.

A slight easing of vacancy rates in December did little to disguise the abysmal figures of 2023.

Brisbane is now the third-most expensive city in Australia for median home values, after Sydney and Canberra.