Taxes Drive Up Costs Up to half the cost of a new home and land package is now made up of government taxes, fees and charges. Research by the Centre for International Economics says in Sydney that is equivalent to $576,000 on a new house and land package. The value of taxes and charges on […]
One of the many ways media misinforms Australian consumers is their misunderstanding of the difference between building approvals and actual construction of new dwellings. Right now, at a time when we have major dwelling shortages and construction costs are so incredibly high, there is a very important distinction between the number of dwelling approvals
Cheaper To Buy Than Rent Tenants could keep hundreds of dollars in their pockets every month buying rather than renting a home in some suburbs. Analysis by Compare the Market shows the suburbs where weekly mortgage repayments are cheaper than weekly rents. In South Australia, buyers of apartments are better off than renters in metropolitan
Interest Rate Cap Call The Property Council is calling for government support to cap interest rates for Australians building their first new home. In the lead up to the Federal Election, it is calling for a First Home Buyer Accelerator Loan Scheme to be introduced. The scheme would limit deposits for first-time buyers of new
Higher Listings In Some Cities Property listings increased again slightly in some capital cities in February, giving buyers slightly more options to choose from. SQM Research data shows that total listings reached 429,325, which is up 2.3% from January 2025 and 4.1% higher than 12 months ago. According to SQM Research, listings are up 11.6%
Rent Affordability Worsens Rental affordability has worsened in the past 12 months, according to a new analysis of what tenants are now paying. The PropTrack Rental Affordability Index shows that tenants are paying the highest rents in New South Wales, while Victoria is now the most affordable state for renters. There is a glimmer of
Approvals Up, Building Not The latest housing approval figures are out, and if you are to believe the mainstream media coverage about it, houses will soon be popping up all over the place. Unfortunately, although the latest data does show that approvals for houses are up in January 2025, it won’t make much difference to
When Cyclone Alfred was bearing down on southern Queensland and northern New South Wales, the impact on the property market was probably not high on the list of considerations for citizens of these areas. But in the aftermath of this major weather event, there will be some thought given to how home values
One of the many ways media misinforms Australian consumers is their misunderstanding of the difference between building approvals and actual construction of new dwellings. Right now, at a time when we have major dwelling shortages and construction costs are so incredibly high, there is a very important distinction between the number of dwelling approvals
Approvals vs Reality The Housing Crisis Explained Read More »
The Great Australian Dream still exists, it’s just that – for many – it now means owning an apartment, not a house with a white picket fence. As property prices continue to grow, the dream of owning a freestanding house has morphed into the dream of owning an apartment – for more and more
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