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Latest news: Real Estate

Amorosi has to pay mother almost $900k to vacate home

Amorosi has to pay mother almost $900k to vacate home

A Supreme Court justice has ordered singer-songwriter Vanessa Amorosi's mother to vacate her family home so her daughter can gain funds for restitution.

Teachers, nurses save for more than decade to buy home

Teachers, nurses save for more than decade to buy home

Teachers, nurses save for more than decade to buy home

Teachers, nurses save for more than decade to buy home

It takes more than 10 years to squirrel enough money away for a home deposit on a single income in many professions, Greens-commissioned research shows.

Building costs in the frame for ongoing housing crisis

Building costs in the frame for ongoing housing crisis

Building costs in the frame for ongoing housing crisis

Building costs in the frame for ongoing housing crisis

The Reserve Bank says it is closely monitoring the housing shortage, but dismisses reports a construction union is to blame for escalating costs.

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Queensland real estate market set to rebound: Domain

Queensland real estate market set to rebound: Domain

Domain CEO Jason Pellegrino says Queensland's property market has shown signs of accelerating after a poor showing in 2023/24.

Wear and tear keeps rents lower over time: report

Wear and tear keeps rents lower over time: report

Properties tend to command a lower rent as they age and new homes with modern features come online, a leading economic think tank says.

No reset for Greens, Labor deadlock over housing crisis

No reset for Greens, Labor deadlock over housing crisis

Greens housing spokesman Max Chandler-Mather has urged the new housing minister Clare O’Neil to do more to fix the housing crisis.

Property market picking up in smaller capital cities

Property market picking up in smaller capital cities

REA Group's CEO says property listings in Melbourne and Sydney might marginally decline in 2024/25, but Brisbane, Adelaide and Perth are showing growth.

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Property giant Mirvac warns of 'challenging' conditions

Property giant Mirvac warns of 'challenging' conditions

Property giant Mirvac warns of 'challenging' conditions

Property giant Mirvac warns of 'challenging' conditions

Mirvac is investing in build-to-rent apartments and industrial sites as it slashes the value of high-rise offices and warns of ongoing challenging conditions.

Rent-seekers targeted in background-check fee ban

Rent-seekers targeted in background-check fee ban

Rent-seekers targeted in background-check fee ban

Rent-seekers targeted in background-check fee ban

Prospective tenants are pressured to pay for checks on legally dubious databases as technology is installed between tenants and owners in a bid for profits.

Children becoming homeless as housing crisis bites

Children becoming homeless as housing crisis bites

Children becoming homeless as housing crisis bites

Children becoming homeless as housing crisis bites

About a third of Australians experiencing homelessness are young people, prompting a plea for action on housing as even those in the market struggle with cost.

Room with a view comes at high price on tourist strip

Room with a view comes at high price on tourist strip

Room with a view comes at high price on tourist strip

Room with a view comes at high price on tourist strip

High-rise apartment owners at a popular Australian tourist spot have been slugged with a "view tax" sending council rates to new heights.

Housing 'defining issue' for economy, says treasurer

Housing 'defining issue' for economy, says treasurer

Housing 'defining issue' for economy, says treasurer

Housing 'defining issue' for economy, says treasurer

Rents remain a lingering source of inflation weighing heavily on household budgets, with the federal government keen to see more homes built to ease pressures.

Reform coming for housing debate's 'forgotten people'

Reform coming for housing debate's 'forgotten people'

Reform coming for housing debate's 'forgotten people'

Reform coming for housing debate's 'forgotten people'

Renters comprise about one-third of households and the NSW government promises they will get better treatment under planned changes.

Rent squeeze adds extra juice for first-home buyers

Rent squeeze adds extra juice for first-home buyers

Rent squeeze adds extra juice for first-home buyers

Rent squeeze adds extra juice for first-home buyers

Renters across the nation face increasing rent hikes despite varied rental conditions, which is leading to some buying a home.

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Councils ranked on housing approvals to speed building

Local council performance in approving housing development has been ranked in a "league table" as part of government efforts to accelerate home construction.

Family claims $1.4m loan 'blighted' 89yo woman's life

Pepper Money has been sued over an "unjust" $1.4 million home loan which allegedly threw an elderly woman and her family into financial and emotional distress.

Home lending slips but still well ahead over the year

Both owner-occupier and investor lending slid in May after three months of growth, yet the total value of loans is holding up as property prices rise.

Average Australian house price hits almost $800,000

Soaring house prices might please home owners but for those trying to enter the market the odds are stacked against them as chronic housing shortages persist.

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Open door for lenders on climate risks at 11m homes

A data-rich tool will gauge the energy efficiency and climate profile of the nation's 11 million homes, with some already risky for mortgage lenders.

Chilly residents wonder why Australian homes so cold

As more residents take to social media complaining about cold homes, experts warn chilly interiors can impact people's health and wellbeing even if they rug up.

Mortgage arrears hit three-year high amid uncertainty

The number of Australians behind on their mortgage has reached a three-year high with many making repayments by dipping into savings and working more.

Stubborn economic challenges hang over RBA rates call

A June interest rate meeting comes as the federal government defends its budget management in an economy facing slow growth and persistent inflation.

Commercial buildings next on the block for carbon cuts

Saving on emissions and energy bills for commercial premises is a "no brainer", according to the Property Council, as a push begins for greater electrification.

'We have a plan': state reacts to housing crisis outcry

A real estate body has called on authorities to provide an accountable delivery plan, describing the Queensland's housing crisis as "woeful".

Treasury boss backs the young to navigate housing mess

The ever-increasing cost of housing is one of the big challenges facing young people but their future is not bleak, the Treasury secretary says.

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