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HIGHLIGHT

The big, bad wolf is blowing Australian housing again?

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Metricon, Australia’s largest home builder, is rumoured to be on the brink of collapse. Both Probuild and Condev went under earlier in 2022. Rising materials costs, supply chain constraints, low margins and pandemic-related restrictions have created the perfect storm for the construction industry. The fragility of Australia’s building sector could hit home again as yet another big name reportedly teeters on the brink of collapse.

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The big, bad wolf is blowing Australian housing again?

Metricon, Australia’s largest home builder, is rumoured to be on the brink of collapse. Both Probuild and Condev went under earlier in 2022. Rising materials costs, supply chain constraints, low margins and pandemic-related restrictions have created the perfect storm for the construction industry. The fragility of Australia’s building sector could hit home again as yet another big name reportedly teeters on the brink of collapse.

...read more
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Bearish outlook on housing as prices tipped to dip 14% over 2023-2024

Last year saw 22% growth with Australia’s national house prices which are set to rise just 2% in 2022. Prices could fall 14% over 2023-2024 as strong inflation forces the RBA to

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Construction companies crumbling amid COVID-19 chaos

Building and construction sector is not in the death throes yet, but many are struggling amid pandemic. 1,930 insolvencies are expected to occur in the industry by 30 June this year. Soaring

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Pools and a WFH space are hot property

Houses featuring a pool and big backyard with space to work at home in hot demand. A total of 57,558 residential rental properties were vacant Australia-wide over November. In December the average

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Lending schemes put property purchase in reach

Buyers building or buying a new home now can with a deposit of as little as 2-5%. Lending restrictions on mortgages ensure homeowners have manageable debts. 2021 Aussie property prices rose 20%+

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Power to the people in home energy efficiency

Aussie homes are directly responsible for one-fifth of the national greenhouse gas emissions. About 8 million domestic households are contributing the bulk of that 20%. Scalable P2P energy trading technology is emerging

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Evergrande going the way of the bogong moth and ‘be gone’

The Chinese property developer has amassed $A420 billion in debt. Defaulting on bond repayments has seen Fitch downgrade the company. Evergrande is tracking the way of the now endangered Australian bogong moth.

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Will housing prices be infected by Omicron?

There are signs Australia’s hot housing market is already beginning to cool. Values grew by 1.3% in November and nationally 22% over the past 12 months. Omicron could accelerate the situation as

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Data hub hubbub on property market.

Data centres to help boost the domestic property market as hub competition Market is forecasted to register a CAGR of 4.5% between 2021-2026. Digital economy contributes 5.1% to Australia’s A$1.88 trillion GDP.

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Construction costs are soaring, so where can you still build a house?

The median house price in Sydney has surged 115% in the last 8-years. The price of timber is up 380%, steel is 44% higher & the cost of bricks have tripled. Pandemic

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Check out the weekend auction results

Adelaide was the Australian capital city with the highest auction clearance rate of 80.2% for the week ending 1 May, 2022. Adelaide had a total of 156 auctions. This was followed by

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Australia’s rental vacancy rate dipped to record low 1% in March.

In news that won’t surprise prospective renters, the housing rental market is as tight as it’s ever been. In March, the national rental vacancy rate declined to 1%, the lowest point since

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Homebuyers need 7.7 years of hard saving

The Real Estate Institute of Australia said the average new home loan has now ballooned to $590,482. Someone able to save at least $1,000 a month will need 7 years and 7

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WA remains the most affordable state for renting in Australia

To the surprise of many west Aussies, the west remains best for rental affordability in the country even in the times of a rental market crisis. The Housing Affordability Report by REIA

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Wanna buy or rent? The West is the best!

WA has retained the title of most affordable place in Australia for renting and i for housing. The proportion of family income required to make rent repayments in WA is just 19.7%,

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Home buying back on the horizon

Home buying spending intentions increased 29.6% in February, the CommBank Household Spending Intentions (HSI) Index found. There was an increase in spending on household services during the past month, due more people

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What keeps nailing Australia’s construction sector?

Probuild in administration despite being one of Australia’s largest construction companies with annual turnover of more than $2 billion. The collapse is a possible indicator of the wider demise in the residential

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Perth build-to-rent apartment initiative to launch

City’s 12-storey Stirling Towers to be developed into an affordable apartment offering. The Highgate development site was built in 1970 and has been empty since 2014. A community housing provider is being

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Perth property to be pick of the bunch

The Real Estate Institute of Australia predicts Perth to attract international and domestic property buyers. Australia’s booming property market is already sizzling for the second year in a row, earlier than historically

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