Labor Home Scheme Comes With Risks
The Labor Party’s proposed home equity scheme could expose the government’s balance sheet to financial risk, according to the Grattan Institute. Labor housing spokesman Jason Clare has revealed it may [...]
More New Homes Being Built And Sold
The number of new homes being built and sold continues to increase despite rising costs of construction and building industry turmoil. The latest HIA New Home Sales report shows new [...]
Level Of “Liar Loans” Reduces
The number of homebuyers overstating their financial position when applying for a home loan has decreased thanks to stricter lending standards, UBS’s latest “liar loans” survey has revealed. UBS banking analyst [...]
Rental Vacancies Filled In Record Time
The number of days a rental property sits on realestate.com.au before being leased has fallen to a historic low. The listing platform’s data arm, PropTrack, has released its residential rental [...]
Strategy Needed To Solve Housing Woes
A Sydney-based think tank has called for whoever wins government at the Federal Election to roll out a “real long-term strategy” to make housing more plentiful and affordable. Committee for [...]
Bunnings To Address Supply Shortages
Amid national shortages, Bunnings will double its processing plants that manufacture wooden frames and trusses used in home construction. Over the next 18 months it will double the number of [...]
Income Growth To Cushion Rate Rises
ANZ bank analysis predicts wages growth and built-up savings during the pandemic will help cushion any impact of future interest rate rises. Senior economist Adelaide Timbrell expects wages to [...]
Foreign Buyers Return To Aust Market
Foreign buyers are returning to the Australian market, with a new NAB survey revealing they now account for 7.9% of the demand for new homes. The lift is the [...]
Budget Ignored Need For More Housing
The Federal Budget missed an opportunity to do more to fix the planning system and deliver more new housing, according to the Urban Development Institute of Australia. UDIA national president [...]
Rent Crisis Remains Despite Investor Rise
A return of investors is unlikely to help ease Australia’s rental crisis in the short term. The value of investor lending hit a record high for the first two months [...]