‘Year of the unit’: cost squeeze drives homebuyer shift
Rising unaffordability and changing lifestyles are driving an unusual turnaround in real estate dynamics as unit prices grow faster than houses in some areas.
real estate
Buyer’s market: 2025 to bring relief to home buyers
A major pullback in house price rises has not stopped the market from extending its growth streak to eight consecutive quarters.
Australia has ‘well and truly passed’ rental boom peak
Affordability pressures and rising vacancy rates are keeping a lid on rental growth after years of surging prices.
Property dominates wealth but stocks safer than houses
Investors might start looking outside of the property market where most of Australia's wealth is held, as returns for another sector outstrip housing.
Bank of mum and dad could run dry for retirement
Affordability constraints have many turning to the bank of mum and dad but parents have been urged to consider their finances carefully before lending.
Value of Australian homes may drop in early 2025
Australian home values could dip in early 2025 but a drop in interest rates is expected to send buyer demand up again.
Where home prices are expected to grow fastest in 2025
Australian property values are set to keep rising over the next 12 months but controversial tax changes are helping keep one state's home price growth in check.
Building data nailed but future framework doubts linger
Home building approvals have broken a two-year ceiling but industry groups warn it's not enough to meet a target of 1.2 million homes by 2029.
Mining hubs lead regional property price rise
Affordability and lifestyle choices continue to drive up property prices in regional Australia, but there are signs the heat is coming out of the market.
Door opens for first-home buyers to unlock ownership
Headway has finally been made on federal housing policy reform with laws set to pass parliament to allow home buyers to buy with a smaller deposit.
Housing policies at lock-up stage with Greens support
Labor has had a breakthrough on its stalled housing agenda after securing Greens support for a federal shared-equity scheme and build-to-rent policies.
Property market easing with falls across four capitals
Slowing momentum in home price growth bodes well for those hoping to get a foot on the property ladder as the central bank weighs rate cuts.
PM quizzed over $4.3 million clifftop property purchase
The prime minister has been peppered with questions about the purchase of a $4.3 million luxury home for he and future wife Jodie Haydon.
Turbo charge house approvals, business urges government
The Business Council of Australia says state governments should be able to intervene in council planning decisions, using a carrot and stick approach.
Aussies paying more as rents spike across the nation
Australian renters are paying thousands more to keep a roof over their heads as rental costs for units and houses continue to balloon since the pandemic.
‘Knocked on the head’: Labor rebuffs property tax moves
After days of discussions over curbing property investors' tax concessions, the government has firmed its stance against the rumours.
Amorosi has to pay mother almost $900k to vacate home
A Supreme Court justice has ordered singer-songwriter Vanessa Amorosi's mother to vacate her family home so her daughter can gain funds for restitution.
Economy ‘nowhere near recessionary’ despite predictions
Australia's economic forecasts might not be as positive as hoped but there are still signs of strength in the economy, an expert says.
Queensland real estate market set to rebound: Domain
Domain CEO Jason Pellegrino says Queensland's property market has shown signs of accelerating after a poor showing in 2023/24.
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money and monetary policy
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unions
Building costs in the frame for ongoing housing crisis
The Reserve Bank says it is closely monitoring the housing shortage, but dismisses reports a construction union is to blame for escalating costs.
Property market picking up in smaller capital cities
REA Group's CEO says property listings in Melbourne and Sydney might marginally decline in 2024/25, but Brisbane, Adelaide and Perth are showing growth.
Property giant Mirvac warns of ‘challenging’ conditions
Mirvac is investing in build-to-rent apartments and industrial sites as it slashes the value of high-rise offices and warns of ongoing challenging conditions.
Rent-seekers targeted in background-check fee ban
Prospective tenants are pressured to pay for checks on legally dubious databases as technology is installed between tenants and owners in a bid for profits.
Room with a view comes at high price on tourist strip
High-rise apartment owners at a popular Australian tourist spot have been slugged with a "view tax" sending council rates to new heights.
Housing ‘defining issue’ for economy, says treasurer
Rents remain a lingering source of inflation weighing heavily on household budgets, with the federal government keen to see more homes built to ease pressures.
Rent squeeze adds extra juice for first-home buyers
Renters across the nation face increasing rent hikes despite varied rental conditions, which is leading to some buying a home.
Family claims $1.4m loan ‘blighted’ 89yo woman’s life
Pepper Money has been sued over an "unjust" $1.4 million home loan which allegedly threw an elderly woman and her family into financial and emotional distress.
Home lending slips but still well ahead over the year
Both owner-occupier and investor lending slid in May after three months of growth, yet the total value of loans is holding up as property prices rise.
Housing lending falls after three months of growth
Both owner-occupier and investor lending slid in May after three months of growth, based on official Australian Bureau of Statistics data.
Average Australian house price hits almost $800,000
Soaring house prices might please home owners but for those trying to enter the market the odds are stacked against them as chronic housing shortages persist.
Chilly residents wonder why Australian homes so cold
As more residents take to social media complaining about cold homes, experts warn chilly interiors can impact people's health and wellbeing even if they rug up.