Self-interest widening wealth gap between old and young
Bridging the gap in wealth between older and young Australians will require a major recalibration in housing attitudes and policies, a leading economist says.
housing and urban planning
budgets and budgeting
economic indicator
economy, business and finance
electricity production and distribution
housing and urban planning
politics
retail
Budget update to reveal Australia’s fiscal fortunes
The federal treasurer says he's booked another $20 billion in savings in the budget update, but is keeping mum on whether that means a smaller deficit.
Six figures or out: income needed for typical rental
To be able to afford rent for a typical house, Australians need to be earning 51 per cent more than they did before the pandemic.
HK races to remove mesh blamed for fuelling deadly fire
Hong Kong is stripping scaffolding nets off all buildings undergoing renovation after the material was suspected of powering an inferno that killed 159 people.
Energy costs force most renters to swelter over summer
Most Australians who rent their home say they avoid using cooling and heating appliances due to high costs.
Baby among dead as Hong Kong fire toll hits 159
More bodies have been found at a Hong Kong apartment complex following the city's deadliest fire in decades, including an infant and a 97-year-old.
‘Double catastrophe’: builder collapse pain compounded
A probe into a taxpayer-funded housing insurance scheme has found owners with complex claims suffered serious personal and financial hardship.
HK arrests more suspects in fire probe as deaths rise
The netting on apartment buildings that caught fire in a horrific inferno in Hong Kong wasn't up to code, authorities say, as the death toll rises to 151.
The ‘obvious and easy way’ to help boost housing supply
More than 80,000 sorely needed homes are unable to be built due to a lack of investment in power, roads and sewers, councils say.
construction and property
economy (general)
housing and urban planning
inflation and deflation
interest rate
politics
Dire housing affordability widening the wealth divide
An extraordinary rise in demand combined with constrained supply has created a boom in Australian home values and rents over the past five years.
construction and property
economy, business and finance
housing and urban planning
politics
real estate
House prices surge as city-dwellers flee to the regions
Aspiring home buyers are fleeing to the regions as falling interest rates and limited supply drives city house prices to fresh record highs.
Commonwealth Bank boss reveals preferred migration rate
The boss of Australia's biggest bank has nominated a preferred migration rate while appearing before a parliamentary committee. saying a target is appropriate.
One million pushed to brink amid child poverty crisis
Advocates are renewing calls for Australia to adopt a nationally-agreed definition of child poverty, as concerning data shows almost one million are struggling.
Red tape ‘layers’ peeled back to build homes quicker
Drawn-out planning approvals are being sped up with a one-stop shop ticking off major projects, heightening environmentalists' concerns about fossil fuel plans.
Door closes on inner-city homes for young Australians
The dream of owning a freestanding house close to the city is fading, with data showing demand far outstripping supply.
No smoking gun to link deposit scheme, home price spike
Lower-end homes outperformed the rest of the market in October, but it's difficult to directly connect it to the government's expanded deposit guarantee scheme.
Japanese courtyard Queenslander leads design winners
A Queenslander cottage extended around a Japanese-inspired courtyard garden is among the winning designs at the National Architecture Awards.
energy and resource
environmental issue
environmental politics
housing and urban planning
laws
politics
renewable energy
Urgent need for speed in renewable energy approvals
Environmental reform analysts have weighed in on the federal government's bid to modernise Australia's dated nature protection laws, calling for a key change.
Australians lose hope as nation lags on housing targets
Australians aren't confident the housing crisis will be solved and not one state is on track to reach its homes target over the next five years, research shows.
economic indicator
economy, business and finance
house building
housing and urban planning
politics (general)
real estate
‘Wild’ $2m forecast for nation’s priciest house market
It's a great time to own a home but a tough time to buy one, with values rising fast in the regions and every capital.
economic indicator
economy, business and finance
house building
housing and urban planning
politics (general)
real estate
Million buck benchmark loses sparkle in house value run
One in every three property markets in Australia have a median value of $1m after fresh gains across the country, led by Queensland.
PM says briefing on super tax plan was nothing unusual
The PM's office is briefed all the time on a range of issues, says Anthony Albanese after a hearing was told of conversations over a plan to tax super balances.
Shaving red tape, inflation key to economic growth
The economy is in a "good spot" but one sector is proving more stubborn than expected, the boss of the Reserve Bank says.
Renters surprise winners from cheaper mortgage deposits
Despite predictions a five per cent deposit scheme will drive up house prices, analysts say the government policy could be good news for the nation's renters.
Soaring rents push people further from jobs, community
Australian renters are paying on average an extra $204 per week to keep a roof over their heads compared to five years ago, a nearly 44 per cent increase.
Life-changing or dark day: jury out on deposit scheme
An expanded government scheme to help first-home buyers clear the deposit hurdle could pour more fuel on the red-hot property market, housing experts warn.
‘Decades of neglect’: ‘dire’ state housing picture
Two years on from the inception of a target to build 800,000 homes in a decade, data illustrates the "dire" housing picture continuing to confront one state.
breaking_news
central bank
construction and property
economy, business and finance
housing and urban planning
interest rate
money and monetary policy
mortgages
Rate cut run may be over as inflation raises concerns
Hopes for more rate cuts are fading after the Reserve Bank of Australia took a hawkish turn as it held interest rates steady in a widely-expected move.
central bank
economy, business and finance
housing and urban planning
interest rate
money and monetary policy
mortgages
politics
Australia’s luck running out despite budget bright spot
Australia's budget deficit for last financial year ended up being narrower than expected but younger workers will still be on the hook for a decade of red ink.
One in three homes in line for sunny value boost
Home buyers have seen the light and are now prepared to pay a little more for solar systems in the expectation of lower bills over time.
Complex puzzle: concessions needed for climate target
Steps to boost renewables might have an impact on local environments, experts say, but a trade-off is needed in efforts to slash emissions.