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Doom and gloom as house approvals fall dramatically

THE number of new homes being approved has fallen as property prices in almost all capital cities declined for the fifth month in a row. Figures from the Australian Bureau of Statistics on Tuesday revealed total dwelling approvals fell by 3.6 per cent in July. The downturn was driven by a fall in approvals for houses, down 4.2 per cent for the month after a rise in June, while all other private dwellings, such as apartments and townhouses, dropped by 0.4 per cent. However, the bureau’s head of construction statistics Daniel Rossi said the decline may not all be bad news.

Families renting because ‘home ownership was inaccessible’

Not quite a ten pound airfare but the concept is similar

Hand brake placed on Victoria’s new home construction

Houses can’t be built fast enough to meet strong demand

New homes will be built but it’ll take a lot longer

Economic constraints to soften decline in national house prices

Action speaks louder than words

LONG term projections for more housing and productivity reform must be matched by practical action to get viable projects under construction. This is the view of the Property Council of

Chance to simplify retail leases and tenancies

BUSINESS owners could soon have access to simplified rules for leasing retail spaces, regardless of where they operate. The federal government will begin talks with traders and landlords

GROWTH in retail spending is expected to almost halve in the next financial year as households look to tighten their belts, a report suggests. The expected pullback in the 12 months from

INCREASED auction numbers failed to translate to sales, with clearance rates showing a small drop nationally last week. Property data firm Cotality said preliminary results came in at 52