Building new market-rate homes improves affordability by lowering rents on most existing homes, according to new research
The RBA seriously considered an increase to the cash rate in August and has warned cutting them in 2024 could keep inflation above its target until mid-2027.
Auctions scheduled for the next fortnight stands above 4,400 but analysts are cautious about the usually buoyant spring market.
TWO of Australia’s biggest building groups - Metricon and NEX - are bullish about the outlook for the home construction market and have declared they need a bigger pipeline of development plots.
Regional Movers Index data shows 27 per cent more people moved from cities to regions than in the opposite direction during the June 2024 quarter.
Eighty-five beach cabins are being turned into social housing as part of the Queensland government’s plans to provide thousands more affordable homes across the state.
Reserve Bank governor Michele Bullock told a parliamentary hearing that inflation won’t return to its 2 to 3 per cent target until 2026 – a year later than the RBA predicted back in May.
A $10,000 sweetener to lure overseas tradies to WA is being extended for 12 months after 1,100 signed up to the initiative to bolster its under-manned construction workforce.
Workers in the private sector are still clocking robust pay growth but the pace has been gradually slowing over the past year, reflecting a softening jobs market, according to the latest Australian Bureau of Statistics figures.
More than 5,000 customers are expected to join a $100 million class action against the BGC Housing Group building group after the case was lodged in the Western Australia Supreme Court.
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