Property News

National Housing Supply Council figures released today (21 December) show Australia is slipping backwards in terms of the supply of new housing, according to property development lobby group,Urban Taskforce.

Urban Taskforce CEO Chris Johnson said New South Wales was bottom of the list with a short fall of 73,700 dwellings.

“The impact of...

Following a 4.9 per cent fall in 2010/11, the Housing Industry Association (HIA) is forecasting a 10.4 per cent decline in new housing starts in 2011/12 to a level of just over 141,000.

HIA Chief Economist Harley Dale said the latest evidence from leading new housing indicators confirms the risk that starts fall short of this mark, instead revisiting levels comparable...

The Minister for Fair Trading Anthony Roberts has announced a three month online consultation on strata and community scheme issues to be hosted by public policy think tank Global Access Partners (GAP).

Roberts said the New South Wales Government welcomed the GAP initiative, which will provide a valuable source of information for the Government's planned review of...

The continuing uncertainty in Europe, with the cost of debt escalating and entire economies balanced on a knife edge, will necessarily filter through to the domestic property market creating an air of unpredictability in 2012, according to Laing+Simmons General Manager Leanne Pilkington.

“The ramifications of the economic crisis in Europe will undoubtedly be...

Housing finance figures for October 2011 saw the number of loans for construction fall by 1.8 per cent in October 2011 while loans for the purchase of a new dwelling were flat, according to the Australian Bureau of Statistics (ABS). 

The value of loans for investment in new residential dwellings dropped by 26 per cent in October and the moving annual value is...

The hesitation of the big four banks to announce their intentions following the decision to lower the official cash rate has not only infuriated consumers but also exposed the Reserve Bank’s lack of power to manage the economy, said Laing+Simmons General Manager Leanne Pilkington.



“If the banks fail to pass on the rate cut in full to customers, in...

While today’s Reserve Bank’s decision to cut interest rates 25 basis points to 4.25 per cent will come as a surprise for some, Laing+Simmons General Manager Leanne Pilkington said the next cash rate movement was always going to be down – it was just a question of when.

“More important than the 25 basis point reduction itself is the fact that...

The current interest rate climate is encouraging a significant number of people to buy property, according to a survey commissioned by Mortgage Choice.

The eighth annual national Consumer Sentiment Survey found 26 per cent will be ‘more likely’ to buy if rates drop further in the next six months.

Meanwhile, 3 per cent said they will be...

Residential building approvals fell sharply again in October resulting in calls for the Reserve Bank of Australia to cut interest rates at their December meeting next week.

Figures released by the Australian Bureau of Statistics released today (1 December) show total seasonally adjusted building approvals fell by 10.7 per cent following a downwardly revised 14.2 per...

New home sales recovered moderately in October 2011, following on from the lowest result in more than a decade, according to the Housing Industry Association (HIA).

The latest HIA - JELD-WEN New Home Sales Report, a survey of Australia’s major residential builders, showed that the number of new homes sold in the month of October 2011 increased by 5.5 per cent...