Budget measures could cut house prices by 10 per cent
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.
housing and urban planning
Budget brawl escalates over rival tax cut proposals
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 defends budget tax changes despite critical polls
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.
Mixed results from first post-budget auction weekend
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.
Why ditching car park rules could make homes cheaper
More than $1 billion is being wasted on building parking spaces that aren't used as part of new housing, a study has found.
Middle ring could be ‘hollowed out’ by tax overhaul
Tax changes in the federal budget will likely shift property investors to new houses in the outer suburbs and inner-city apartments, economists say.
Tax relief for workers and pain for investors in budget
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.
Labor tucks away $77b war chest for further tax cuts
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 move to regions seeking affordable housing
Australians are leaving the cities for inland areas as growing house prices shift migration patterns, bringing positive and negative flow-on effects.
‘Troubling’ crackdowns no fix to homelessness crisis
Strained by chronic housing supply challenges, a leading researcher has warned councils against forcibly removing their homeless populations.
Budget builds up to shift for ‘broken’ housing market
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.
‘Need to do more’: Labor to lift lid on housing reform
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.
‘Exhausted’: housing supply hit as affordability dips
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.
PM rubbishes budget tax speculation as home prices slow
Sydney's home price premium over Brisbane and Perth continues to narrow as values retreat in Australia's two largest cities.
Budget to address ‘immediate needs’ of households: PM
The upcoming federal budget is widely tipped to pare back incentives for property investors as the prime minister promises to tackle intergenerational inequity.
Right tax moves matter more than mandates: treasurer
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.
First home buyer scheme leading to housing price rise
House prices for homes under thresholds for a five per cent deposit scheme are outstripping increases for all other homes.
Home builder cautious over war impact on supply chains
A major home builder says overall sales are healthy, despite some signs of a moderation in activity in April, as it watches supply chain impacts from the war.
Export tax push runs out of gas as budget hopes dashed
Furious lobbying for a 25 per cent tax on gas exports is failing to sway the federal government, which is ruling out the measure for the upcoming budget.
Chronic housing shortage heaps more pain onto renters
Australian renters are spending a record share of their income on housing costs as a chronic shortage of stock drives prices higher across the nation.
Data reveals key to fixing housing affordability crisis
Two major cities are becoming more unaffordable faster than other capitals, as they build fewer homes relative to population growth than Sydney and Melbourne.
Tree-changers seeking smaller communities for new lives
City-dwellers are increasingly moving to smaller communities rather than regional cities to escape housing and transport costs, a report has found.
Safe as houses: home resale profits go through the roof
Record home sales profits are lining the pockets of people in the housing market, while pushing the price of admission beyond the means of ordinary Australians.
New homebuyers using smaller deposits, borrowing more
Borrowing patterns of first homebuyers are changing as they take advantage of government subsidies, Australia's biggest lender says.
Young women giving up on home ownership as costs rise
Young people, particularly women, are turning their backs on home ownership as up-front and ongoing costs combined with other pressures put it out of reach.
Major cities flounder in ‘two-speed’ housing market
Home prices are flat-lining in Australia's biggest cities and surging elsewhere as new national data tells a tale of two housing markets.
Premier sells optimism over discord as One Nation rises
As polls point to a crushing victory in one state election, the Labor government has called on voters to seize opportunity and reject division.
Regions beckon as young Aussies rethink city life
Almost half of Australians aged 18 to 29 are considering leaving cities for the regions, driven by the cost of living, work opportunities and lifestyle factors.
How an empty nursing home became a housing solution
The hundreds of thousands of disused buildings across rural Australia could be transformed into worker accommodation as renewable energy projects roll out.
Regional housing market booms, outpacing capital cities
Buyers are turning to regional Australia for housing affordability, but little relief can be found in some of the fastest-growing areas outside the cities.
Major builder expects ‘chronic undersupply’ to continue
Pent-up demand has property group Mirvac optimistic about the outlook for residential housing despite the prospect of higher interest rates.