Minerals-rich WA is Australia’s proverbial boomtown, with a rich economy pulling in a growing swell of Australians and international migrants eager to “go west” and live the good life. Commonwealth Bank’s latest quarterly economic report on each state and territory and how they stack up against each other shows mining-heavyContinue Reading
Tenants living in Brisbane’s Musgrave Park fear they will be booted from the leafy grounds, with a festival set to take over in the coming month. Currently housing more than 60 tents, the park is an example of Australia’s housing crisis, which sees the country’s rental vacancy rate at aContinue Reading
Governments have manufactured a crippling crisis that’s led to unprecedented housing pressures, a rising risk of homelessness, and the rapid death of the Great Australian Dream. And while Anthony Albanese champions multibillion-dollar plans to build more homes and save families from financial disaster, the Prime Minister has avoided mentioning oneContinue Reading
There are growing concerns Anthony Albanese is preparing to break another promise which the property industry says will only hurt renters. In the wake of the prime minister’s backtracking on support for the stage three tax cuts, which he pledged to keep during the last election but last month overhauled,Continue Reading
Treasurer Jim Chalmers is facing criticism for remarks made in an interview about the cost-of-living crisis and painful pressures facing millions of Australians. Speaking with veteran political commentator Michelle Grattan for her podcast on The Conversation, Dr Chalmers implied those struggling will have to wait until next year for relief.Continue Reading
Australia’s rental shortage has continued to worsen with the total number of listings falling to a record annual low, a new report has revealed. Released on Monday, new analysis from PropTrack has found the number of new rental listings fell 5.7 per cent in the year to September, as theContinue Reading
Rental prices are soaring across almost all of Australia, but there are still a few corners in the capital cities where renters can score a bargain. Analytics firm CoreLogic has released a list of the suburbs in each Australian capital with the cheapest rents. The suburbs are all within 20Continue Reading
A landlord in Victoria has said he views those living in his properties as “customers” and does not rent out to people on Jobseeker, as an inquiry hears growing calls to increase rent assistance. Long-time property owner Roman told a housing probe on Wednesday that while he had sympathy forContinue Reading
A short plane ride from here, a city once crushed beneath the weight of skyrocketing rents and eye-watering property prices has found a solution to the type of housing crisis plaguing Australia’s major cities. While bold and quite controversial, the fix was relatively simple, quickly implemented and highly effective, dramaticallyContinue Reading
Since the rental crisis began in the nation’s capital cities back in 2021, it has been the thorn in the side of millions of Australians. Vacancy rates have dropped to historic lows and rents have set off for the moon. Earlier in the year there was some potential signs thatContinue Reading