Sellers flee auctions as housing downturn deepens
More than three in five homes listed for auction converted to private treaty in July, the highest rate since the 2022 downturn, property site Domain has found.
More than three in five homes listed for auction converted to private treaty in July, the highest rate since the 2022 downturn, property site Domain has found.
Rising seas and storm surges could cost Australia more than $855 billion, endangering homes, businesses, infrastructure and land.
The economic benefits of AI adoption are beginning to flow in Australia, with about 15 per cent of tasks and occupations set to be replaced by 2060.
The business model of a crumbling development firm has been labelled strange and opaque, after workers were stood down and construction projects halted.
Federal police have raided the Melbourne house of a former CFMEU heavyweight as part of an investigation into alleged corruption in Victoria's building sector.
Property prices in major capitals are set to fall even further, one of the big four banks has cautioned, following a further downturn in the last month.
Insolvency experts have been called in to help rescue a major property developer which has thousands of homes to build across three states.
Data centre regulation could be like the social media ban and become the next area of technology Australia leads the world in, the prime minister says.
Colombia's President Abelardo de la Espriella has asked US President Donald Trump to suspend tariffs to help Colombia recover from a devastating earthquake.
A major agricultural show will celebrate its 150th year, buzzing with news of an upgrade of almost $300 million to be completed ahead of the 2032 Olympics.
Businesses seeking office space are gravitating to the most expensive end of the market even if it means paying more up front, fresh data suggests.
A sharp decline in property prices has sparked fears of negative equity but less than three per cent of houses sold for a loss in the first half of 2026.
Victoria's opposition is calling for past premiers to face a construction industry corruption probe as the state's current leader pledges to appear if needed.
A threat to walk out and a spirited defence of his work have featured in evidence at an inquiry from the lawyer who triggered a royal commission into the CFMEU.
The number of dwellings granted approval has hit a five-year high, but national housing levels still lag behind federal targets.
Removing layers of rules and having the political will to stand up to NIMBYs are among a raft of measures put forward to fix Australia's housing crisis.
With more than a dozen venues yet to be built or upgraded, the pressure is on Brisbane 2032 Olympics organisers after arriving at a key milestone.
A former construction boss has compared a long CFMEU intimidation campaign to a frog slowly being boiled alive, saying it pushed him to breaking point.
A group campaigning for more housing construction has released an online atlas examining the zoning laws of each capital city in Australia.
The time to build a new home in Australia has fallen by 10 per cent in two years but the country is still falling behind the pace on its 1.2 million target.
construction and property
economy, business and finance
house building
housing and urban planning
interest rate
lifestyle (house and home)
real estate
Australia's housing market is undergoing a broad-based downturn with interest rate rises and affordability pressures denting investor confidence.
As reports of ongoing CFMEU corruption in Victoria continue to surface, business groups warn new federal laws could spread cronyism across the nation.
A state premier is facing mounting pressure to call a royal commission into claims of corruption, nepotism and organised crime links on government projects.
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construction and property
disaster and accident
earthquake
emergency incident
foreign aid
missing person
rescue
The deaths from Venezuela's devastating earthquakes have soared to 589 with 2980 injured as rescue efforts continue in the ruins for thousands still missing.
The race to build data centres could come with a risk: "fly-by-night" operators with little concern for Australia's best interests.
One Australian state is set to get a data centre cooled with recycled water after criticism that the artificial intelligence hubs consume too many resources.
Despite property prices falling, the annual income required to afford a median house has risen by thousands of dollars in Sydney and Melbourne since January.
A Senate committee has been told Australia's long-running public housing crisis is actually worsening under current policy settings.
building material
construction and property
economy (general)
economy, business and finance
heavy construction
house building
housing and urban planning
The number of new homes being approved fell once again during April, and the Reserve Bank is being blamed for the downturn.
construction and property
demonstration
environmental politics
indigenous people
ioc
politics
summer olympics
Campaigners say their fight to protect Brisbane's Victoria Park is moving from the parklands to the courts and Canberra as work starts on the 2032 stadium.
construction and property
house building
housing and urban planning
land price
mortgages
politics
prices
Rising interest rates, poor affordability, budget tax changes and a political shift towards lower migration could spell the end of a 30-year housing upswing.