Tax changes spark house listings boom but fewer rentals
A split is opening in the housing market, with more homes for sale as owners react to controversial tax changes but fewer becoming available to rent.
A split is opening in the housing market, with more homes for sale as owners react to controversial tax changes but fewer becoming available to rent.
A Senate committee has been told Australia's long-running public housing crisis is actually worsening under current policy settings.
Borrowers can finally expect relief from quickfire interest rate rises with the Reserve Bank poised to maintain the status quo for the first time in 2026.
The Reserve Bank is unanimously expected to leave interest rates on hold but whether the next move is up or down remains uncertain.
Stamp duty will be abolished for ACT first home buyers in an Australian first, despite the territory budget set to surpass $12 billion in debt.
An unlikely political alliance could put the government's contentious changes to negative gearing and the capital gains tax discount in jeopardy.
One Nation's most prominent figures have scrambled to clarify details of the party's housing policy after a senator stumbled through a "trainwreck" interview.
Auction clearance rates have hit a five-year low, and the percentages are the lowest Australia has had in five years.
The property industry is challenging the government's modelling on the impact the federal budget will have on renters and housing supply.
The government is selling controversial investment tax changes as an attempt to rebalance the playing field between young and old Australians.
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.
The number of new homes being approved fell once again during April, and the Reserve Bank is being blamed for the downturn.
Australia is not experiencing stagflation but higher interest rates will help cool the economy and inflation, the nation's top bank official says.
The share of property investors older than 60 has more than doubled since the capital gains discount was introduced, Reserve Bank of Australia research shows.
Business groups are urging the federal government to have a major rethink over its capital gains tax measures but Jim Chalmers is remaining steadfast.
Changes to negative gearing and capital gains tax concessions could cause the biggest housing downturn in 40 years, in a boost for first home buyers.
The government has conceded its budget is unlikely to win immediate support from voters as Labor and Liberals taking aim at each others' policies.
Labor insists it's taking the right approach to tax reform despite a majority of Australians saying the latest budget will leave them worse off.
The treasurer and prime minister are doing a sales job on government attempts to boost housing supply as property investors chew budget changes to tax breaks.
More than $1 billion is being wasted on building parking spaces that aren't used as part of new housing, a study has found.
Tax changes in the federal budget will likely shift property investors to new houses in the outer suburbs and inner-city apartments, economists say.
Australians who earn a wage will get $250 in tax relief as part of Labor's budget, but investors and wealthy families could be left worse off.
A new $250 a year tax offset gives the government an option to return bracket creep directly to working Australians, Treasurer Jim Chalmers says.
Australians are leaving the cities for inland areas as growing house prices shift migration patterns, bringing positive and negative flow-on effects.
Strained by chronic housing supply challenges, a leading researcher has warned councils against forcibly removing their homeless populations.
An extra $2 billion will be pledged in the budget to build sewerage and roads for new homes as the treasurer frames housing policy as a remedy to populism.
Australians are under financial pressure and the government cannot "just sit back", the prime minister says, as his treasurer prepares to hand down the budget.
Low-income earners are locked out of the private rental market, with JobSeeker recipients only able to afford one listing in Australia, a leading charity warns.
Sydney's home price premium over Brisbane and Perth continues to narrow as values retreat in Australia's two largest cities.
The upcoming federal budget is widely tipped to pare back incentives for property investors as the prime minister promises to tackle intergenerational inequity.
Expected changes to negative gearing or capital gains tax would not break an election promise because they would be for the right reasons, Jim Chalmers says.