Interest rates increased today by 0.25 per cent. It won’t help fuel prices or electricity costs, it will prolong the rental crisis, worsen housing supply and further push up house prices. It will squeeze households more and increase cost of living pressures. Inflation is still well above the 2-3 per cent … Read more
Whitsunday Regional Council will commence a six-month pedestrian crossing trial in the Airlie Beach Main Street commencing December 1. Mayor Julie Hall said Council is developing an overarching Airlie Beach Masterplan and this six-month pedestrian trial will capture key information that will help inform an ultimate streetscaping solution for the … Read more
Nerida Conisbee, Ray White Group Chief Economist It is hard to find a capital city suburb that is not recording price growth. In regional Australia however, the direction of price movements is far more mixed. At an aggregate level, median prices are up. In the case of regional NSW and … Read more
Nerida Conisbee, Ray White Group Chief Economist The rental crisis, soaring house prices despite much higher interest rates and being one of the least affordable countries in the world could be solved if we built more homes. For this reason, the Federal Government announced a target of 1.2 million new … Read more
Nerida Conisbee, Ray White Group Chief Economist An interest rate rise will mean more headaches for renters and mortgage holders. Interest rates increased today by 0.25 per cent. It won’t help fuel prices or electricity costs, it will prolong the rental crisis, worsen housing supply and further push up house prices. … Read more
Nerida Conisbee, Ray White Group Chief Economist We aren’t quite the worst country in the world for not building enough homes. New Zealand takes that honour, but we come close. Since the mid 1990s, the number of homes per 100 people has remained stable. At the same time, average household … Read more
Nerida Conisbee, Ray White Group Chief Economist As price growth continues to accelerate, can you get a cheap home anywhere? With our cheapest capital cities, Adelaide and Perth, now recording the strongest growth in prices over the past 12 months, is there anywhere you can still find a cheap home? … Read more
Nerida Conisbee, Ray White Group Chief Economist Construction costs increases have been a major driver of inflation and a big problem for housing supply. Construction cost increases peaked in July 2022, rising by 21 per cent over the 12 month period. In Brisbane, the most impacted city, the increase exceeded … Read more
By Josh Needs Nearly a third of all first home buyers have been supported by a government guarantee, according to new data. Home buyers are increasingly taking advantage of the expanded Home Guarantee Schemes, according to the National Housing Finance and Investment Corporation (NHFIC). According to the NHFIC’s fourth annual Home … Read more
With rents surging post-pandemic across Australia and a lot of discussion around who should be providing rental properties, it is timely to have a look at how Australia compares to the rest of the world for rental affordability. And more specifically, how successful our policies have been to provide adequate … Read more