A shift to private cars is not the inevitable result of the virus: it is also facilitated by public policy decisions.
MELBOURNE
Set to buy their third home in Melbourne before the age of 30, this couple is profiting from property while earning an average salary.
The Reserve Bank of Australia has warned extended international travel restrictions will eventually force down house prices in Sydney and Melbourne.
With Australia’s property market now declining for five consecutive months, it’s once again time to compare the current downturn with prior corrections.
A landscape designer has sold a Toorak property for more than double the $10 million he paid for it four years ago.
A risk management residential property researcher has identified a number of "danger zones" for overpriced, off-the-plan apartments.
The Myer family confirmed that they have held discussions about making their Toorak mansion available for visiting prime ministers and governors general.
Melbourne house prices are forecast to fall by 15 per cent, while Sydney prices could drop by 13 per cent, ANZ says.
There were 1,082 capital city homes taken to auction this week, a slight increase on the 1,046 homes auctioned the week prior.
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Driven by institutional investment, some generally favourable weather and high commodity prices, rural property markets are enjoying a relatively bountiful time.
One of Australia’s most ambitious green buildings has gained the endorsement of one of the world’s biggest environmentalists, with Sir David Attenborough giving his nod of approval to the Koichi Takada-designed Urban Forest project in Brisbane.
Developers are continuing to have strong sales success in South East Queensland, with luxury Gold Coast apartment and master planned land projects selling quickly and seemingly defying the COVID crisis.
Property markets in Adelaide and Perth are moving into overdrive, with competition among buyers getting fierce as homes sell swiftly and rental vacancies plunge.
More than 800,000 Australian mortgagors have arranged payment deferrals with their lenders since March, and with repayment holidays and government stimulus payments being wound back, some households may face a mortgage crisis if their income levels have not rebounded.
Western Australia has extended its Building Boost for new home builds, at the same time that new research has been released saying that more targeted stimulus is needed if the housing construction sector is to lead Australia’s post-COVID recovery.
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