Australia housing

Australia could tackle housing crisis with ‘gentle density’ plan

The government aims to deliver 1.2 million new homes by 2029 to help ease the housing shortage

Sydney, the nation’s most expensive market, has risen 37.4% since 2020.

Aukus set to further fuel Australia’s hottest housing market

Property prices in Perth are already on a tear, fuelled by population growth, tight supply and a robust local economy

FILE PHOTO: A man walks past a derelict home, which sold for A$1.6 million, in Sydney's northwest in Australia June 23, 2021. REUTERS/Swati Pandey/File Photo

Australia house prices climb in November amid record unaffordability, Cotality says

AUSTRALIAN home prices rose in November with large gains in several state capitals, amid a record level of housing unaffordability, property consultant Cotality said on Sunday (Nov 30).

 In Sydney, the median dwelling value is at a historic high of A$1.3 million, around 11 times the median household income.

Top Australia banker says housing market heat raising concerns

The country has some of the most costly housing in the world

Andrew Irvine, Chief Executive Officer (CEO) of National Australia Bank says: "Housing is Australia’s biggest societal and policy challenge.”

Australia’s NAB CEO says housing is greatest societal challenge as bank books A$7.09 billion profit

NAB and the rest of Australia’s ‘Big Four’ banks rely heavily on the strength of the housing market

Australia has some of the costliest housing in the world, an affordability challenge exacerbated by near-record rental prices

Australia home prices post fastest monthly gain in two years

The RBA has cut rates three times since February

The formula used to develop Pagewood is one Triguboff has rolled out around Sydney, and in Queensland to the north, for decades.

Billionaire who built 79,000 homes splits opinion in Australia

As prices have surged, officials have come under increasing pressure to act

Home prices have risen 2.3% across the capital cities in the three months to September, taking the median value to A$941,457.

Australia’s home prices post strongest monthly gain in two years

The Reserve Bank of Australia has cut its key rate three times this year, with expectations of two more reductions by May

The portion of retirees living in private rentals has doubled over the past two decades to 12%.

Housing crisis forces more Australians to rent in retirement

Higher pension eligibility ages, cost pressures and better health have all pushed retirement further back