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Home lending tanks as rate hikes, hefty costs scare away buyers - Vimarsana News

Home lending tanks as rate hikes, hefty costs scare away buyers

New data has shown that buyers are retreating from the market, as rising rates and surging costs associated with purchasing a home deter both owner-occupiers and investors from saying “I do” to a

Building approvals high, housing demand low according to ABS stats - Vimarsana News

Building approvals high, housing demand low according to ABS stats

The Australian Bureau of Statistics yesterday released its monthly building approvals data for July, with the housing sector remaining stagnant in comparison to last year.

Massive tradie shortage puts more pressure on Australian construction industry - Vimarsana News

Massive tradie shortage puts more pressure on Australian construction industry

Australia is in the midst of its biggest tradie shortage in decades, with prices and demand adding further ...

Home building costs jump $76,000 from a year ago - Vimarsana News

Home building costs jump $76,000 from a year ago

The record increase in new detached dwelling costs is likely to push more builders - particularly smaller ones - over the edge, economists warn.

Source: afr.com
'New normal' on show in March lending figures - Real Estate Business - Vimarsana News

'New normal' on show in March lending figures - Real Estate Business

Latest figures from the Australian Bureau of Statistics indicate that lending remained strong in the first quarter of 2022. Hayden Groves, president of the Real Estate Institute of Australia (REIA),