The Property Council says the success of the 2017 Federal budget will be judged on the strength of its policies to address the critical economic and social issue of housing affordability.
Auction clearances indicate real estate market could be drifting lower
The auction clearance rate of Australia's capital cities was 74.6 per cent last week, virtually flat with the previous week's result. But Sydney and Melbourne's clearance rates are in a downward trend, says CoreLogic.
The great Australian home ownership dream is still alive, especially if you are a professional earning more than $70,000 a year, according to new research from KPMG.
LJ Hooker targets one of Australia's most lucrative markets
LJ Hooker is considering opening up to five new offices on Sydney's lower north shore in the coming months, as it seeks to revitalise its foothold in one of the nation's most lucrative markets.
There is still strong demand for property in the eastern states, says Louis Christopher, managing director of SQM Research. Sellers were simply staying out of the market in April, waiting for the holidays to end, he says.
CEO of Property Council hoses down vacant property tax speculation
Ken Morrison, Chief Executive of the Property Council of Australia, condemns as 'myth' the findings by Prosper Australia that 4.8% of Melbourne's homes lie vacant.