Rent surges amid cost of living crisis
House and unit rents have set records in the country's capitals, according to Domain, as cost of living pressures prompt calls for more affordable housing.
House and unit rents have set records in the country's capitals, according to Domain, as cost of living pressures prompt calls for more affordable housing.
The value of Australia's residential housing stock has topped $10 trillion for the first time, Australian Bureau of Statistics data shows.
As rural land prices continue to soar in some parts of Australia, primary producers hoping to break into the ownership market remain optimistic.
Despite cooling Australian house prices, auction rates are sky high as buyers get in and sellers go to market before interest rates rise.
The Queensland government has defended an unexpected hike in land values in flood-hit areas, saying valuations take in data from previous flood events.
Probuild is merely the latest construction-sector casualty, with reform urgently needed before more tradies lose their jobs, industry bodies warn.
While runaway capital city house price growth is expected to simmer this year, research indicates it may still reach 10 per cent Australia-wide.
The portion of profit-making property sales is expected to continue rising in the coming months but can't last forever, says a leading real estate specialist.
Property owners could be hit with higher insurance bills or find themselves uninsurable after the failure of flood mitigation infrastructure in Maryborough.
The Council of Financial Regulators are keeping a watchful eye on home loan activity after criteria for securing a mortgage was tightened earlier this year.