A leading analyst has revealed the impact a feared interest rate rise would have on Australia’s property markets, declaring “some cracks are already showing”. The monthly measure of inflation for the year to May, released last week, hit four per cent, which was above expectations and marked the highest rateContinue Reading
The typical Australian who might’ve once bought a home a few generations ago is now much more likely to rent thanks to plunging housing affordability, which is now at its worst level in more than 20 years.And they’re flooding rental markets that are beyond capacity, competing with low-income and vulnerableContinue Reading
A depressing map revealing the least affordable housing markets in the world includes three Australian entries, with one city ranked second-worst globally. The illustration uses the latest data from Demographia examining 94 major housing markets across eight countries to compare affordability in some of the world’s biggest economies. It dividesContinue Reading
It’s a tenth of the price of a home in Sydney and sits on a mammoth parcel of land that would fit several inner-city terraces on it, but you will need to bring your own oven. This is one of Australia’s cheapest homes – a two-bedroom dwelling on a 1000Continue Reading
Blue Wiggle Anthony Field says it is reassuring to see emotional development is much more significant in preschool education since he last taught in a classroom. The former teacher’s career and life changed significantly after The Wiggles took off both in Australia and internationally three decades ago. But the emotionalContinue Reading
Tens of thousands of homes could be left without power for a week after Cyclone Kirrily tore a path of devastation through northern Queensland. The cyclone wreaked havoc on the state after it was downgraded from category three to category two on Thursday evening. It thrashed Ingham and Townsville, leavingContinue Reading
The so-called ‘Great Australian Dream’ of owning your own home has become a nightmare for millions of people – and is only set to get worse this year. In previous generations, buying a pile of bricks was an achievement typically achieved in one’s late 20s to mid-30s, coinciding with startingContinue Reading
Two mums have declared war on the real estate industry by developing an app that smashes some of the most hated tactics employed by selling agents, giving consumers the upper hand. Sydney entrepreneurs Tori Huxtable and Tamsin Lapointe launched Auction Snitch in August, unearthing prized but frequently withheld information aboutContinue Reading
Sydneysiders have sweltered through the city’s hottest start to summer on record after the mercury soared into the 40s several times. Thursday was yet another roasting day in the Sydney basin, with temperatures reaching 38.9C in the city and 40.3C at the airport by 4pm. Added humidity made the heatContinue Reading
Beach-lovers are furious after continuous delays mean summer will pass with the iconic Nielsen Park beach — also known as Shark Beach — closed. The popular and picturesque beach in Vaucluse — in Sydney’s east — was closed in early 2022 after the century-old seawall was damaged by a stormContinue Reading