Housing costs crisis needs ‘decades’ of falling prices
Recent falling house prices have barely eroded an affordability gap that has built up over years of rising values, as experts warn much more time is needed.
Recent falling house prices have barely eroded an affordability gap that has built up over years of rising values, as experts warn much more time is needed.
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.
Most property markets in Australia will slip in value over the 2026/27 financial year, but there are some outliers in latest data.
The federal government is being accused of a crucial oversight as it tries to ram its overhaul of taxes on investments through parliament.
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.
Economists are split on whether the Reserve Bank's latest cash rate decision heralds the end of the hiking cycle or merely a pause before the next move upwards.
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.
A Senate committee has been told Australia's long-running public housing crisis is actually worsening under current policy settings.
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.
breaking_news
economy, business and finance
housing and urban planning
politics
state budget and tax
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.
Auction clearance rates have hit a five-year low, and the percentages are the lowest Australia has had in five years.
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.
An unlikely political alliance could put the government's contentious changes to negative gearing and the capital gains tax discount in jeopardy.
Australia is not experiencing stagflation but higher interest rates will help cool the economy and inflation, the nation's top bank official says.
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
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.
construction and property
economic policy
economy, business and finance
house building
housing and urban planning
politics
real estate
The government is selling controversial investment tax changes as an attempt to rebalance the playing field between young and old Australians.
The property industry is challenging the government's modelling on the impact the federal budget will have on renters and housing supply.
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.
More than $1 billion is being wasted on building parking spaces that aren't used as part of new housing, a study has found.
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.
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.
budgets and budgeting
construction and property
economic policy
economy, business and finance
housing and urban planning
politics
The government has conceded its budget is unlikely to win immediate support from voters as Labor and Liberals taking aim at each others' policies.
budgets and budgeting
construction and property
housing and urban planning
interest rate
politics
real estate
state budget and tax
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 are leaving the cities for inland areas as growing house prices shift migration patterns, bringing positive and negative flow-on effects.
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 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.
Strained by chronic housing supply challenges, a leading researcher has warned councils against forcibly removing their homeless populations.
budgets and budgeting
economic policy
economy, business and finance
housing and urban planning
politics
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.