Industry Body: ABS

232 posts

The Australian Bureau of Statistics

perth apartment set for soaring demand but supply cannot keep up

Perth apartment popularity on the rise, but new stock is still looking for firmer financial foudations

Costs remain a major hurdle to making more affordable apartments viable to build.

Why Aussie property buyers aren’t waiting for rate cuts anymore

A surge in home loans shows buyers aren’t waiting for interest rates to drop before taking the plunge.
Strata properties as investments All you need to know about investing in a Perth unit

Strata properties as investments: All you need to know about investing in a Perth unit

As the cost of renting approaches the cost of a mortgage, more people are investing in units to escape the rental trap.
expert explains why buying a house has never been harder

The hardest time ever to buy a house in Australia: How Australian home buying got so tough

We’re currently in a buyer’s market, but that doesn’t mean Australian house prices are crashing.
Australia’s inflation rate stays at 3.4% What it means for borrowers and savers

Australia’s inflation rate stays at 3.4%: What it means for borrowers and savers

Annual inflation for January remained steady at 3.4%, signalling stability since November 2021 and a trend towards the RBA’s target band.
perth housing market becomes more popular with investors

Perth property market climbs higher in rankings for investors

Popularity in the western capital continues to grow, but some are overpaying by a country mile as bidding wars break out.
The cost of Australia's housing crisis 350,000 low-income households face housing affordability stress

The cost of Australia’s housing crisis: 350,000 low-income households face housing affordability stress

Australia has a shortage of 348,000 affordable rentals, with 82% of very low-income households experience housing affordability stress.
Despite efforts to address construction bottlenecks, root causes behind Perth's housing crunch remain

Despite efforts to address Perth’s construction bottlenecks, root causes behind housing crunch remain unsolved

Efforts to improve construction bottlenecks in Perth are underway, but demand continues to outpace the supply of available homes.
Building approvals are falling, underscoring Australia’s failure to meet its housing supply goals

Building approvals are falling, underscoring Australia’s failure to meet its housing supply goals

Latest ABS data reports a 9.5% drop in building approvals for December 2023, revealing a disappointing year for housing supply.
Latest growth is 20 basis points below pre-covid average.

Growth in construction costs may have normalised

Ezzy noted that the pace of CCCI growth this year could be shaped by a few factors, such as the national dwelling approval levels.