Australia housing

Albanese takes a gamble on Australia’s housing obsession by cutting investor tax breaks

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

Australia's Prime Minister Anthony Albanese looks on as  Treasurer Jim Chalmers delivers the 2026-27 Federal Budget in the House of Representatives at Parliament House in Canberra.

Australia tackles property tax breaks, disappoints on deficit

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

“The housing market is one of the defining anxieties that people have about our economy and about our society,” Treasurer Jim Chalmers said in an interview in Canberra on Sunday.

Australia to tackle ‘unacceptable’ housing market

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

Sydney has one of the least affordable housing markets in the developed world, with median prices near A$1.3 million.

Australia’s home prices grow at slowest pace since Jan 2025

Every capital city reports weaker growth in April: property consultancy

House prices and rents in Australia have skyrocketed in recent years, driven by a dearth of housing supply and rapid population growth.

Australia’s housing crisis set to worsen on Iran war fallout

Surge in oil prices leading to cost spikes of as much as 40% for some materials in the building sector

The fall coincided with falling auction clearance rates and a pick-up in advertised supply, property consultancy Cotality said in a report.

Sydney, Melbourne home prices decline as affordability bites

Sydney fell 0.1% while Melbourne declined 0.2%

Sydney is typically a harbinger for the broader market and its flat reading comes after the RBA in February became the first major central bank to increase borrowing costs this year.

Sydney home prices flatline while rest of Australia stays strong

Money markets and many economists expect the RBA will raise rates again in May to 4.1%

Sydney is already Australia’s most expensive housing market, with a median price approaching A$1.3 million, according to Cotality.

A wealthy Sydney suburb braces for a fight over 10,000 new homes

The growing dissent in this village-like suburb is more than a local planning dispute

Affordability will further deteriorate unless “wage growth accelerates meaningfully, or a step change in rental supply” occurs, says Cotality's research director, Tim Lawless.

Australia’s rental affordability hits record low: property consultancy Cotality

Households renting spent a record-high average of 33.4% of their pre-tax income to keep a roof over their head in Q3

Over the past five years, weekly rents nationwide have jumped 42.4%, compared with an 8.2% gain in the preceding five-year period to January 2021.

Australia’s home-price gains accelerate even as rate hike looms

Perth has recorded the fastest price growth at 2%