Property

Sales of new homes increased for the second month in a row in May, according to the HIA New Home Sales report.

The South Australian 2023–24 state budget has scrapped stamp duty for first home buyers who purchase a new home.

The total value of Australia’s residential dwellings rose during the March 2023 quarter, according to ABS data.

New research from the Institute of Public Affairs has estimated a housing shortage of over 250,000 dwellings due to a rise in overseas migration.

The REIQ has criticised the Queensland government’s state budget, stating that it “lacks a long-term housing plan”.

Property professionals have cited a concerning pattern of financial inequality that is holding women back from achieving their dreams of home ownership.

The Queensland government is set to prioritise regional housing in its upcoming state budget, with a particular focus on cyclone-prone coastal communities.

While housing affordability has worsened, the median time required to save a 20 per cent deposit has fallen to 10.5 years.

Taking heed of mounting concerns over its potential implications, the NSW government has made the decision to abandon its push to outlaw rental bidding.

Rising costs and eroding savings buffers are contributing to mortgage arrears growth, a new report has revealed.