Market News

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Australian property prices record biggest 12-month growth in history: ABS

Residential property prices rose 23.7 per cent in the last year, the fastest annual increase on…

Perth lags national CBD bounce-back as office workers leave city deserted

Perth has recorded its lowest office occupancy level since July 2020, according to the Property Council of Australia Office Occupancy Survey, as the

Property price boom might have widened gender wealth gap

Rising house values as a result of low borrowing rates, constrained supply and high buyer demand may have expanded the gender wealth gap

Australian construction activity improved in February, outlook remains strong: AI Group

Australian construction activity improved in February following a sharp dip over the summer holiday period and…

Housing prices slow down across major cities, Sydney records first decline in 17 months

Growth in Australian housing values has slowed down as Sydney records its first decline in 17…

Probuild falls into administration

Probuild's South African parent company Wilson Bayly Holmes - Ovcon said it is pulling out of Australia,…

High stamp duty is “shattering” Victorians dreams of homeownership: HIA

Victorians spend about $30,000 more in stamp duty than Queenslanders when purchasing a new home, according…

Land value growth offers potential funding option for high-speed rail network on east coast

Land value growth could be used to fund the proposed high-speed rail network on the east…

Residential construction costs rising at fastest annual pace since 2005

National construction costs climb 7.3 per cent over the 2021 calendar year, the highest annual growth…