Rental affordability rate drops to lowest level
By Andrew Brown, AAP A new report has shown the affordability of rental properties for those on median incomes has fallen to the worst level since records began. The affordability of rental properties has reached its worst level since records began, a report has found. The latest PropTrack Rental Affordability report found households on the […]
National park ‘urban oasis’ in high-density Sydney
By Sam McKeith and Samantha Lock, AAP A key national park in inner Sydney will add nearly five hectares of bushland under plans to marry high-density housing development with green space. Completion of a major park in one of Sydney’s most densely populated suburbs is a step closer, with the NSW government expanding it by […]
‘Once-in-lifetime housing crisis’ engulfing Vic
Victoria’s peak homelessness body has criticised the government for cutting homelessness programs in the middle of a “once-in-a-lifetime housing crisis”. A program designed to provide homes to rough sleepers in Victoria during the COVID-19 pandemic will be rolled back despite a “once-in-a-lifetime housing crisis”. The From Homelessness to a Home (H2H) program was funded as […]
Test for consumer sector as optimism creeps back in
By Poppy Johnston, AAP The state of the consumer and business sectors will be on display this week, with a speech from a Reserve Bank of Australia official also of interest. Household budgets are still under pressure but green shoots of optimism are starting to sprout in the consumer sector. Consumer confidence as measured in […]
Older Australians may win big from homebuyer scheme
By Kat Wong, AAP Australians expected to retire in the next decade could avoid the renting on a pension thanks to the government’s first homebuyer scheme. Older renters who have already put down a deposit for a house could benefit most from the federal government’s first homebuyer scheme. Under the Help to Buy scheme, the […]
Chalmers hints at ‘warning sign’ ahead of GDP figures
By: Poppy Johnston and Andrew Brown Weaker sales figures in the retail figures are a warning sign ahead of national growth figures, the treasurer says. The treasurer has foreshadowed a weak end to the year for the national economy, saying warning signs were present in the retail sector. National growth figures for the December quarter […]
Home price rise not ‘typical recipe’ for rate cuts
By: Poppy Johnston, AAP Confidence may be returning to the housing market due to rate cut speculation but one economist says rising home values could keep the Reserve Bank wary. Australia’s housing market continues to exhibit strength though its resilience could push out the timeline for interest rate cuts. HSBC chief economist for Australia Paul […]
Growth report likely to show households in pain
By: Poppy Johnston, AAP Households have been pinching their pennies as financial pressures intensify and that weakness is likely to show up in a soft economic growth print. The Australian economy is losing its sheen and tipped to post another weak growth result in the December quarter national accounts. The Australian Bureau of Statistics is […]
ARNECC publishes Interoperability timetable
Source: Office of the Registrar General The Australian Registrars’ National Electronic Conveyancing Council (ARNECC) has published Version 7 of the Model Operating Requirements (MORs) and the Model Participation Rules – ARNECC (MPRs). Version 7 (adopting the Model versions) will take effect on and from 28 March 2024: On and from that date, Subscribers must use the updated Client […]
Homebuyer scheme on shaky ground as calls for help echo
By Dominic Giannini, Kat Wong and Poppy Johnston, AAP Opponents of a homebuyer scheme that would split upfront costs with the government are being urged to back the plan to help more people buy their first house. A new plan to help aspiring homeowners crack into the housing market with as little as a two […]
