The Business Times

Australia housing

Banking & Finance

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

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

Australia home prices post fastest monthly gain in two years

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

Billionaire who built 79,000 homes splits opinion in Australia

Australia’s central bank has lowered the cash rate by 75 basis points since the start of the year, to 3.6%.
Property

Australia home rents surge as vacancy sinks to record low

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

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

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

Housing crisis forces more Australians to rent in retirement

The Australian Prudential Regulation Authority said the country’s lenders would still be required to assess new borrowers’ capacity to meet repayments at an interest rate of at least 3 percentage points above the current home loan rate.
Property

Australia’s home prices climb further as rental growth refuels

The largest capital markets of Sydney and Melbourne are among the softest, the data shows.
Property

Australian house prices continue to climb after RBA rate cut

“Real estate is a really good way for international criminals to store big amounts of money,” says Brendan Thomas, the chief executive officer of Australia’s financial crimes watchdog Austrac.
Property

Australia reveals US$460 million property splurge tied to fugitives

The pursuit of the “Great Australian Dream” of home ownership is hurting families saddled with high mortgage payments, as Australia’s Reserve Bank had raised interest rates 13 times since 2022 before last month’s rate cut.
Property

Housing dream turned nightmare weighs on Australian voters ahead of national election

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