Australia housing

Sydney and Melbourne lead the monthly decline with drops of 1.2% and 1%, respectively

ART and Cbus are heading into the end of their financial year after a strong run in equity markets

This is likely to weigh on the wealth effect that underpins consumer spending

The property is expected to be completed by Q2 2027

In a country where the housing market is squeezed, decommissioned electrical substations are in demand as refurbished residences

The tax changes are designed to lower the barriers for first-time buyers to enter one of the world’s least affordable housing markets

Initial reaction is split between many young people welcoming the move while established investors have questioned its effectiveness

The Budget’s housing package is a highlight, with a crackdown on tax concession for investors to help address intergenerational inequality

It wants to make it easier for people to gain a foothold in the housing market