Australia’s horror housing market is set to continue with extreme pain hitting renters and a shortage in home supply set to drag out for years, an alarming new report has revealed. It showed that there will be a shortage of 106,000 homes by 2027 across Australia as a result of skyrocketing interest rates, soaring immigration, …
Housing crisis: Australia faces 106,000 homes shortage by 2027 Read More »
New analysis of the Australian property market has revealed national home prices could return to positive annual growth as early as next month, if the current growth trajectory continues. PropTrack’s latest Market Insight shows that if national home prices continue to grow at the same pace as they have during the past quarter, they could not …
When property prices could peak again if pace of growth continues Read More »
Not that long ago, Australia was in the midst of the fastest drop in housing values on record, as rapidly increasing interest rates caused capital city values to plunge more than 9% in the space of about 10 months. That’s all changed since hitting a low in February, with three consecutive months of positive growth …
Rising prices and resilience; Australia’s winter housing outlook Read More »
A wooden deck stretches out to a view over the horizon. It welcomes the mountain air but does not blow you away. Inside, morning light beckons through skylights before curtains play with the afternoon sun. Open plan but comforting, functional but fun. This house has has been put up in a matter of weeks, from pieces …
‘All of a sudden there’s a house’: could prefab be the future of Australian homes? Read More »
The Australian property market has been a topic of debate for many years, with many experts weighing in on the various factors that affect it. One of the current debates centers on the impact of low numbers of house starts leading to an undersupply of properties. This, combined with the forecast of high immigration levels, …
Property Markets to Boom due to Low House Starts and Immigration (Again) Read More »
As Australia’s housing crisis deepens, governments at all levels are being called on to help. The federal budget will be handed down today, and housing will be a key talking point. The current public debate about housing is focused on “silver bullet” solutions. What is needed instead is a comprehensive package of bold interventions, coordinated between …
Australia’s housing crisis is deepening. Here are 10 policies to get us out of it Read More »
Aussies can get relief for close to half of the Reserve Bank’s (RBA) interest rate increases by refinancing their home loan, according to new research. The RBA hit households with a 0.25 per cent hike yesterday, bringing the official cash rate to 3.85 per cent. The hike means borrowers with a $500,000 loan over 30 years will now be …
Property prices across the country look to have bottomed out after new data showed prices rose for a second consecutive month. The median price to buy a home in Australia is now $709,130. In Sydney the median home price is $1,031,138, in Melbourne it’ll cost you $751,125 and $705,016 in Brisbane. CoreLogic’s Home Value Index (HVI) increased …
Aussie city suburbs where property prices are growing Read More »
The Albanese Labor Government will help more Australians into home ownership sooner through a significant expansion of criteria for the Home Guarantee Scheme. Eligibility criteria for all elements of the scheme – including the First Home Guarantee, the Regional First Home Buyer Guarantee, and the Family Home Guarantee – will be expanded as the Government …
Modular homes may not be a new concept but they have certainly come a long way from flimsy post-war prefab builds expected to last less than a decade. In fact, prefabricated homes seem to have moved towards the other end of the spectrum, delivering high-end, eco-friendly designs popularised by the likes of Grand Designs, often only …
New Era Prefab Winning Fans as Housing Crisis Hero Read More »
