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Housing market whacked by trifecta of negative results

A LEADING economist says a slump in house prices, rising rents and lack of new homes are the first clear signs of changes announced in the May Budget. Ray White Group chief economist Nerida Conisbee said established home prices are falling, particularly in the parts of the market that had previously been supported by strong investor demand. “At the same time, however, rents are still rising and the pipeline of new housing remains weak,” Conisbee said. “Across the combined capital cities, dwelling values fell 4.3 per cent over the September quarter. Rents, by contr

Housing numbers improve but still well behind target

More apprentices needed to bolster tradie stocks

Vacancy rates are up as rental growth goes down

Tax Office does an about face on credit card payments

Builders will be adversely affected by ATO decision

Elevated spending ‘could be a problem’ if revenues decline

Aussies paint picture of doom and gloom

AUSTRALIAN households are the most persistently pessimistic they have been since the early 1990s recession, following a fourth Reserve Bank interest rate rise. Following the RBA’s

Aerotropolis investment hitting new heights

COMMERCIAL business tenancy opportunities are at an all-time high around Western Sydney’s new Aerotroplis. The NSW Government has reported private investment in the Western Sydney

THE preliminary auction clearance rates for the combined capital cities took a sharp decline last week, according to property data firm Cotality. The clearance rate fell to 48.2 per cent

Growing population not answer for economy

AUSTRALIANS face “recession-like” conditions as the nation’s increasing reliance on population growth over productivity catches up with policy-makers. The economy is li