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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.

...read more

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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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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Eastern state residents flock west to escape the COVID-crisis

Our business journalist Grady Wulff spoke to REIWA Deputy President Joe White about the growing popularity of moving west.

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Moving to the country, gonna escape a lot of COVID

Regional migration at record highs during the pandemic. Queensland the state of choice for regional migration. Noosa and Southern Downs saw the largest growth of new migrants. The great escape from COVID

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