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.
housing and urban planning
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.
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.
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.
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.
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.
construction and property
economy, business and finance
house building
housing and urban planning
interest rate
mortgages
real estate
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.
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.
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.
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.
Harbour Bridge joyriders sparks calls for e-bike action
Footage of young men dangerously riding e-bikes and motorcycles on the Sydney Harbour Bridge has fuelled calls for more accountability.
Defence property sell-off in bid to shore up budget
Almost 70 historic defence sites across Australia will go under the hammer, saving $100 million in annual costs to be reinvested back into the armed forces.
business and finance
central bank
economy
housing and urban planning
interest rate
mortgages
politics
Mortgage holders brace for hundreds more in repayments
Two incorrect assumptions have set the Reserve Bank on track for a costly U-turn on interest rates, with borrowers facing steeper repayments on their mortgages.
breaking_news
construction and property
house building
housing and urban planning
politics
real estate
‘Milestone deal’ for 100,000 first homes target
Other states are "very keen to sign up" to a federal plan for 100,000 new first homes after Prime Minister Anthony Albanese announced the opening deal.
Great escape to the country squeezing communities
Housing, planning and jobs remain key challenges as country Australia continues to grow six years after the population shift to the regions began.
Capital city rents hit record highs apart from one
All but one Australian capital has yielded annual growth in rents, but experts expect that city to be a star performer in the long-term.