Property

March saw yet another drop in new home sales in March when compared to the previous month as higher rates impede sales, HIA economist says.

The Queensland government has been called out by the REIQ over its new rent reform and how it could potentially harm investor borrowers. 

Australia’s housing supply is not keeping up with its growing population following overseas migration rising back to record highs, AMP senior economist says.

Despite the push for more sustainable housing developments, financing creative solutions can be a setback for developers, report finds.

International buyers were the “bigger players” in the Australian housing market during the first quarter, according to the major bank.

The IMF has ranked Australia’s housing market as being the second most high-risk country of 27 countries, which CoreLogic attributes to five reasons.

Costs for construction continue to be the main constraint for new housing development in Australia, NAB’s latest property survey highlighted.

A new survey has revealed more than 40 per cent of firms rate housing affordability and supply as the most critical issue for both the federal and state governments.

Australia’s residential real estate value rose to $9.4 trillion in March, according to CoreLogic.

Despite new building commencements plunging in the December quarter 2022, the building industry has reaped profits, ABS data has revealed.