House prices slump to be offset by rates
As house prices across Australia drop, first home buyers are being urged to act fast before interest rate hikes make borrowing more expensive.
construction and property
Victoria is best-performing state: CommSec
Victoria has earned top spot on CommSec's quarterly State of the States report for the first time since its COVID lockdowns but Queensland is coming on strong.
Record high 240k homes being built in Q1
A record 240,065 dwellings were under construction in March, although work commencements on new homes fell as the housing boom lost momentum.
Budget figures reveal Qld housing pressure
There is little relief for those at the bottom of Queensland's housing market, with state budget figures showing how hard it is to find a stable home.
Brisbane to hike short-term rental rates
Brisbane Mayor Adrian Schrinner threatens to hike rates for short-term rental owners by 50 per cent if they don't return properties to the long-term market.
NSW urged to reconsider megaprojects
The NSW government has been urged to reconsider its infrastructure 'megaprojects' as rising costs put a question mark over their benefit to the state.
One million Australian homes flood-prone
Data shows one million Australian properties across 30 local government areas are flood-prone, and NSW and Queensland are not the only places at risk.
Omicron slowed housing approvals process
Building approvals slumped 27.9 per cent in January, but there was a marked improvement in the trade surplus due to a jump in exports.
Call for reform after Probuild collapse
Probuild is merely the latest construction-sector casualty, with reform urgently needed before more tradies lose their jobs, industry bodies warn.
Vic premier may offer support to Probuild
Victoria's premier says the state government may provide support to Probuild, as its parent company places the building firm into administration.
Omicron impacting workforce, spending: PM
Prime Minister Scott Morrison says the highly-infectious Omicron variant is impacting both Australia's workforce and consumer spending.