Cooling house market offers hope to first-time buyers
Auction clearance rates have hit a five-year low, and the percentages are the lowest Australia has had in five years.
housing and urban planning
‘Trainwreck’: One Nation forced to clarify housing plan
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.
Liberals mull Greens alliance to kill off tax changes
An unlikely political alliance could put the government's contentious changes to negative gearing and the capital gains tax discount in jeopardy.
Officials bank on economic slump helping tame inflation
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
Interest rate impact hits housing approval levels
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
Home price falls may signal end of housing super cycle
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
Labor shrugs off claim tax shift will sink house prices
The government is selling controversial investment tax changes as an attempt to rebalance the playing field between young and old Australians.
‘Vested interests’ protest against housing tax changes
The property industry is challenging the government's modelling on the impact the federal budget will have on renters and housing supply.
‘Huge mistake’: how Howard spurred Boomer investors
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.
Treasurer hoses down calls to carve up his tax revamp
Business groups are urging the federal government to have a major rethink over its capital gains tax measures but Jim Chalmers is remaining steadfast.
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.
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.
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.
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.
budgets and budgeting
construction and property
economic policy
economy, business and finance
housing and urban planning
politics
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.
budgets and budgeting
construction and property
housing and urban planning
interest rate
politics
real estate
state budget and tax
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.
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.
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.
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.
‘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.
budgets and budgeting
economic policy
economy, business and finance
housing and urban planning
politics
‘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.
breaking_news
budgets and budgeting
construction and property
economic policy
house building
housing and urban planning
politics
public finance
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.
budgets and budgeting
economic policy
economy, business and finance
housing and urban planning
investments
personal investing
politics (general)
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.
budgets and budgeting
construction and property
economic policy
economy, business and finance
housing and urban planning
politics (general)
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.
budgets and budgeting
construction and property
economy (general)
housing and urban planning
lifestyle (house and home)
mortgages
politics
real estate
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.
‘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.
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.
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.
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.
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.