Industry Body: ABS

232 posts

The Australian Bureau of Statistics

New report reveals that housing affordability plummeted in 2023 amid high inflation and housing challenges

Housing affordability plummeted in 2023 amid high inflation and housing challenges

Concurrent rises in home prices, rental costs, and interest rates harmed housing affordability in 2023, according to a new report.
building approvals improve in october 2023

Building approvals rise in October 2023, but industry remains concerned over the broader picture

This comes off the back of pauses to the interest rates.
Melbourne Property Market Predictions 2024

Melbourne property market predictions 2024 – House price & rental forecast

Experts spoke to The Property Tribune, laying out their thoughts for what’s in store for Melbourne’s housing and rental market in 2024.
Australia’s property investment activity soars as investors scuttle to capitalise on overseas migration boom

Australia’s property investment activity soars as investors scuttle to capitalise on overseas migration boom

Investors flock to property, lured by strong returns, rebounding property values, low vacancies, and population growth.
FOMO driven buyer frenzy sends Perth property market prices skyrocketing

FOMO driven buyer frenzy sends Perth property market prices skyrocketing

Fear of missing out fuels a buying frenzy in Perth, prompting quick, competitive offers and record-speed property sales.
Australia's Wage Price Index surges by 1.3%, highest quarterly growth in 26 Years

Australia’s Wage Price Index surges by 1.3%, the highest quarterly growth in 26 years

Accommodation and food services sector sees remarkable quarterly and annual growth rates, notably driven by hospitality’s two award hikes.
Industry wants voluntary opt-in to new medium density code to increase housing choice

Industry wants voluntary opt-in to new medium density code to increase housing choice

Housing choice essential as the landscape of housing needs changes.
overseas property seekers

Australian real estate market impacted by historic migration numbers

According to CoreLogic’s report, changes in overseas migration most immediately effects the rental market and not purchases. 
Investor activity has fallen significantly since interest rates started rising

Australia’s property market has seen a huge drop in investor activity

According to the latest ABS lending indicators, the number of new investor loan commitments have fallen more than 27 per cent since interest rates began rising in May last year. 
housing accord at risk of failure

New South Wales will struggle to meet National Housing Accord targets

The ABS’ latest data shows a fall in dwelling commencements, indicating low odds for the delivery of the National Housing Accord.

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