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Record rainfall causing construction delays
Record rainfall levels across Queensland is causing havoc for builders, as construction timelines blow out and labour shortages continue. Bureau of Meteorology have just released a new climate report that points to the big wet in NSW and Queensland extending
What Labor’s victory means for property and cost of living
It’s official – Australia now has a new PM after Scott Morrison’s defeat over the weekend. But what does Labor leader Anthony Albanese’s historic win mean for Aussies already feeling the pinch as our cost of living crisis rages on?
Building industry struggles
Australia’s construction sector is facing crisis as builders struggle with surging costs for raw materials, worker shortages, supply chain delays, major weather events and looming interest rate rises. The chaos is also hitting consumers, who are facing long building delays
Units closing gap on houses, shaping as investor preference
Over the past year, national house price growth has outstripped the pace of unit prices but with both markets levelling out, that gap in performance is narrowing. House and unit prices rose again in March, and in the first quarter
Price Cap Lifted for First Home Buyer Scheme
A lift in the price caps within the Federal Government's Home Loan Deposit Scheme means home buyers will have a broader range of properties they can now buy. The scheme helps first-home buyers purchase a property with a 5% deposit
Supply versus Demand in the Rental Market
Let’s start with some helicopter numbers. Table 1 outlines the current housing rental vacancy rates across the larger urban areas in Australia. Most locations have a vacancy rate under 1%. Weekly rents for detached houses have risen by 15% over the