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Australia falls further behind housing supply target

AUSTRALIA is more than 112,000 homes short of its target of 1.2 million by mid-2029, new building data show. The nation’s builders have completed 307,635 homes since the national housing accord commenced in the third quarter of 2024, the Australian Bureau of Statistics reported on Wednesday. While the number of homes under construction has been steadily rising, the industry remains far below the rate required to meet the target. Assuming a steady pace of dwelling completions, Australia should have already built 420,000 homes by now. To catch up by the end date of June 30, 20

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Market supply steady despite winter slump

THE number of properties going to market in June declined but year-on-year figures remained positive, according to a new report. SQM Research has shown Australia’s residential prop

Super funds bucking the trend, deliver big returns

IN a lacklustre year for Australian equities, superannuation funds have provided a bright spot for those members, securing double-digit returns. The financial year began with residual wo

Slow, steady rise to meet AML/CTF target

CONVEYANCERS might be dragging the chain on their AML/CTF enrolments, with only 1,550 registered with AUSTRAC as of July 2. However, 5,550 lawyers have enrolled, and many of them also pr

Simplifying the system a big plus for WA housing

MOVES to introduce a “simpler, more responsive and efficient” planning system have been welcomed by a peak housing body. The Housing Industry Association (HIA) has welcomed t