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Affordable outer suburbs are proving more resilient than pricier inner neighbourhoods amid the property market downturn, new figures show.
AFFORDABILITY
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Housing affordability has barely improved despite the property market downturn, although a handful of affluent areas are the exceptions.
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Home ownership is not on 34-year-old town planner Eric Smith's to-do list as soaring property prices push the prospect of buying a house out of reach.
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The next federal government is being urged to look to the northern hemisphere for possible solutions to Australia's housing and rental crises.
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Experts are asking why affordable developments can’t be built specifically for first home buyers, in the same way as retirement villages or over-55s seniors liv…
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Labor has detailed its key housing policy, offering to help 10,000 households a year into home ownership by dramatically cutting the price of a property.
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A new survey suggests two-thirds of young voters have conceded they may never own a home.
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Housing experts have criticised the federal government’s failure to seriously address housing affordability in the budget.
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Queensland’s peak industry and community bodies are urging the federal government and opposition to convene a national housing summit.
Australian Property Investor Magazine
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The regional manager of a multinational development consultancy has identified the healthcare and industrial commercial real estate markets as the ones offering property investors with the best prospects in 2023 and beyond.
The $344 million Art Gallery of NSW redevelopment designed by award-winning architects SANAA and built by Richard Crookes Constructions, opened its doors to the public on Saturday.
Floods in News South Wales, Queensland and Victoria have halved the property prices of some of the worst-hit areas, while Covid is threatening to re-emerge to wreak more havoc on the real estate market.
National property prices fell in November for the seventh month in a row, and although there were signs of the declines slowing the average dwelling has still dropped $53,400 in value since the market's peak.
Even as international crises continue to wreak havoc on Australia’s housing sector, building approvals tumble, and construction companies fold, there are enough signs of hope that one major builder has scored the health of the industry at 6.5 out of 10.
The Andrews Government's third term in office confronts myriad issues in the property and construction sectors, with housing affordability identified by voters as one of the main issues of the election campaign.
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Australian property prices look to be on a rocketing path, with first home buyers, low-interest rates and FOMO (fear of missing out) fueling the demand for the start of 2021.
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