Australia housing

Tax revenue from home sales dives more than 20% in August

Volumes remain subdued amid housing downturn 

Bathla has more than A$3 billion (US$2.2 billion) in debt owed to dozens of private lenders

The country’s government is under increasing pressure to tackle the affordability of homes

Sydney and Melbourne again led the monthly decline with falls of 1.4% and 1.1%

Agency finds inflated incomes, misrepresented employment and fabricated business activity were used to support loan applications

[SYDNEY] A fall in home prices is making financial conditions in Australia more restrictive, according to a senior central bank official, helping efforts to reduce aggregate demand and cool the economy.

Houses and apartments across Australia are taking longer to build and becoming more expensive to finish

Prices across the country are down 0.7%, with Sydney leading dips in many major cities