Renters sweating on rules to cool their homes
It's hotter inside some rental properties than outside for 8 hours a day in summer but renters are increasingly powerless due to cost of living pressures.
house building
First homebuyer shared equity scheme clears lower house
A shared equity scheme allowing first homebuyers to buy a property with a two per cent deposit has passed the House of Representatives.
Households waiting on building insurance settlement
There was an unprecedented number of domestic building insurance claims after the collapse of builders like Porter Davis with more than 1000 claims not settled.
Rosehill owner bets big on $5b housing, metro plan
Turning a historic Sydney racetrack into homes for 55,000 people became a compelling opportunity once a $500 million metro station was put on the table.
Hefty fines for dodgy builders as ‘loophole’ closes
Builders who don't take out insurance on behalf of paid-up customers will face new offences under a legislative crackdown by the Victorian government.
Social housing data to become available in Queensland
Quarterly data on social and affordable housing will become publicly available in Queensland after the state government committed to its release.
Couple’s debt spirals after cousin’s house, land fraud
A Melbourne couple's debt has soared after their cousin defrauded them by offering a fake $388,000 house and land package, and pocketing the money for herself.
Funding for more Queensland social housing amid crisis
The Queensland government will build another 600 social homes across the state thanks to a federal funding injection of almost $400 million.
Call for Sydney minister to break city housing deadlock
An influential lobby group says a minister for Sydney would solve a political tussle over increased housing in the city's business centre.
Businesses trundling along, despite consumer caution
Australian businesses are still faring relatively well but consumers remain fearful, despite the interest rate hiking cycle drawing to a close.
Rental properties disappear in property sell-off
Hundreds of thousands of properties have fallen off the rental market amid a mass exodus of investors.
Rental pain at new highs with vacancies at record lows
There is no relief on the horizon for renters after national vacancy rates dropped to a record low of 1.1 per cent.
Consumers still cautious following RBA pause
Consumer confidence is still hovering well below long-run averages even with interest rates holding steady and a soft landing starting to materialise.
Rental crisis supercharges discrimination: top advocate
With vacancies at historically low rates across the country, the race to secure a rental is fiercer than ever and it is weighing on vulnerable communities.
Regional house prices fall as interest rates rise
House prices are down in most regional markets with real estate analysts pointing to interest rates and migration after the COVID-19 pandemic as factors.
Sydney going backwards on housing: NSW premier
Sydney is falling behind on building new homes compared with elsewhere in the country, despite being the most acutely affected by shortages and price hikes.
Dozens of families lose out in home-builder’s collapse
A liquidator has revealed dozens of families are in limbo and others have lost thousands after the collapse of Melbourne home-builder Bentley Homes.
Home builder Bentley Homes slides into liquidation
Melbourne-based Bentley Homes has collapsed, citing economic pressures, with the builder abandoning further works.
Families left in limbo as Bentley Homes collapses
Families and tradies have been left in limbo after the collapse of Bentley Homes and must wait until early next week before hearing from liquidators.
Porter Davis creditor talks fail to answer debt queries
Representatives of hundreds of creditors owed millions of dollars by builder Porter Davis have met liquidators for an update on getting their money back.
New builders found as Porter Davis collapse laid bare
Liquidators for collapsed company Porter Davis say the builder may have been trading while insolvent, as new builders are found to quote for unfinished homes.
Insurance issue flagged before Porter Davis collapse
A Victorian working group identified a number of short-term measures to fix the construction industry months before Porter Davis went into liquidation.
Report pushes case for higher Sydney housing density
The NSW productivity commission's latest report suggests building higher and more densely in Sydney's inner suburbs, including along public transport lines.
Chalmers willing for talks with states on housing fund
Treasurer Jim Chalmers says he is open to negotiating with state and territory government on possible extensions of funding for housing.
breaking_news
economy, business and finance
finance (general)
house building
housing and urban planning
politics
Government bails out Porter Davis clients left in limbo
The Victorian government will stump up $15 million to pay back 560 Porter Davis customers who put down a deposit but never had insurance filed by the company.
business (general)
construction and property
consumer confidence
economy, business and finance
house building
Porter Davis owes Commonwealth Bank $33m: documents
Documents filed with the corporate watchdog show the Commonwealth Bank of Australia is owed millions by home builder Porter Davis, which collapsed last month.
Government ‘ignored’ home builders’ warning: opposition
Victoria's housing minister was briefed about reducing the risk to construction customers months ahead of the Porter Davis collapse, the state opposition says.
construction and property
economy, business and finance
house building
manufacturing and engineering
New builder to complete hundreds of Porter Davis homes
Nostra Property Group will complete up to 375 of the houses left in limbo after home builder Porter Davis collapsed, liquidators Grant Thornton has confirmed.
Porter Davis owners stuck in never ending nightmare
Families impacted by the collapse of builder Porter Davis have staged a protest calling for state and federal governments to intervene to help them.
Builders and energy groups clash over construction code
The Housing Industry Association is pushing for new energy efficiency requirements for builders to be deferred, triggering fierce backlash from some experts.
Near-finished Porter Davis homes will be completed
Porter Davis liquidators have been working to find solutions for staff and clients since the home building company collapsed a week ago.