Property

The housing body president has welcomed the analysis, stating that government solutions to address housing supply and affordability are “badly needed”.

The shadow assistant treasurer has said that the ALP is “deeply concerned” with the rising cost of housing, noting that home ownership may be out of reach for some Australians.

Despite annual value growth for both dwellings being at its highest in 33 years, new data suggests the space between is still growing.

Victoria has launched a public consultation into consumer laws in the property sector, giving residents a platform to voice their concerns.

The state will introduce a new Social and Affordable Housing Contribution on certain developments from July 2024, it has been announced.

Construction costs across Australia have had the highest annual growth rate since March 2005, with a researcher warning supply-chain issues may further boost house prices.

Domain has credited its new management team for producing a 65 per cent year-on-year spike in underlying revenue at its mortgage broker division.

New loans with property sale settlements dropped across NSW, Victoria, Queensland and Western Australia in January, but they remained higher than a year prior, according to PEXA.

National home loan affordability fell “dramatically” in 2021, with a record calendar year decline of 14.5 per cent, according to non-bank lender Bluestone.

The Australian Bureau of Statistics (ABS) has suggested a number of metrics that could be monitored to measure the link between land-use regulation and housing supply.