Tucker Carlson has weighed in on Australia’s housing crisis, pointing the finger squarely at immigration as the “one reason” and questioning “how does anybody live here” on an average income. The former Fox News host, currently on a speaking tour of Australia as a guest of billionaire Clive Palmer, toldContinue Reading
Australians overwhelmingly support a crackdown on Chinese investors buying real estate amid growing concerns over housing affordability, a new survey has found. Eighty-three per cent of Australians believe the government “should restrict the amount of investment in residential real estate that is permitted from Chinese investors”, according to the pollContinue Reading
Despite recent data showing rental supply is at record lows, it’s good news for those looking to sell their homes, especially in one state’s capital city. New analysis from PropTrack, released on Monday, shows the number of new rental listings nationally fell 5.7 per cent in the year to SeptemberContinue Reading
Since the Reserve Bank Australia (RBA) first began raising interest rates in May of last year, the volume of commentary on when they would be cut has become greater with each passing month. With mortgage rates having risen to the largest and fastest degree in relative terms in Australian history,Continue Reading
In Australia, there’s one topic that arguably generates the most heated debate of all: the issue of housing. Like most debates that are heavily influenced by emotion and personal lived experience, it is an arena in which myths propagate and spread, regardless of how factual or accurate their basis mayContinue Reading
A home in one of Australia’s most exclusive suburbs is up for sale with a price tag of $50 million. The house in Toorak, an inner city suburb of Melbourne, along St Georges Road, has just hit the prestige property market, with expressions of interest closing next month. The five-bedroom,Continue Reading
NSW will increase housing supply and slash house prices through a $2.2 billion plan to slash red tape and deliver a huge boost to neighbourhood infrastucture. The state is currently severely behind on its target to build 75,000 new homes every year, assigned by the federal National Housing Accord. NSWContinue Reading
Australia’s largest brick manufacturer has become the latest casualty in the nation’s construction industry crisis, with the company forced to close down a major plant in the country’s west. Concrete block and brick producer Brickworks revealed on Thursday its Western Australian subsidiary Austral has been running at a loss inContinue Reading
At the beginning of May last year, the Reserve Bank embarked on the largest and swiftest rise in interest rates in relative terms in the nation’s history. While rates have risen almost as quickly in the past, particularly during the high inflation periods of the 1970s and 1980s, they wereContinue Reading
In the life and times of Australian households, there are turning points after which things are irrevocably changed for decades to come. On February 23, 1990, the RBA cut the cash rate from 17.5 per cent to 17.0 per cent. Over the next three-and-a-half years the cash rate would beContinue Reading