Analysts expect the Sydney and Melbourne property markets to cool for the remainder of this year,giving those looking to get into the market more time.
A council plan to build social housing units close to trains,shops and parks in Chadstone has fallen over after the provider backed out on financial grounds,blaming a lack of government support.
The Perth property market continues to outpace all other Australian capital cities,claiming the highest recorded growth in the luxury residential sector.
Winter weather has brought a flood of new problems for homeowners tangled in Western Australia’s BGC housing construction dispute as leaking homes experience an explosion of mould.
The new cluster of tents has prompted renewed calls for urgent investment in long-term solutions to the housing crisis.
One regional council is putting up its own vacant farmland to develop affordable housing for key workers. It’s a model other councils could follow.
While rates remain on hold,the prospects of cuts may add fuel to the fire as sheer demand for affordability has pushed prices higher.
The Greens’ Max Chandler-Mather is already ramping up pressure on Labor’s new housing minister,Clare O’Neil,just days after she was given the role.
Perth’s birth rate is the lowest it’s been since 2006,and it has not seen such a sharp fall in births since the contraceptive pill was introduced in the 1970s.
As the Perth property trains keep leaving the station,WAtoday reporter Claire Ottaviano remains optimistic in the search for a new home.
A “perfect storm” of rising demand and scant supply has been putting upward pressure on prices since the pandemic began.