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The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 20 October.
To compile this list, not only do we consider the week’s most-read stories and the news that matter most to you, but we also curate it to include stories from our sister brands that also have an impact on the Australian property landscape.
Here are the biggest property stories of the week:
Housing market ‘diversity’ widening, flags CoreLogic
While Australian property is now valued at a record $11 trillion, there is significant and growing diversity in the nation’s housing marketplaces, according to CoreLogic’s Tim Lawless.
Finance alterations should be ‘second to supply’ efforts, PCA tells Senate inquiry
Industry bodies have urged the government to address financial barriers hindering home ownership and housing supply, and provide transparent and consistent reporting on housing target process at state and local levels.
New home sales stabilise in September
Data from an industry body has revealed particularly strong new home sales activity in South Australia and Western Australia.
Residential construction costs ticked up over the September quarter, which could place more pressure on the government’s target of 1.2 million new homes, according to CoreLogic.
Australian offices see strongest uptake since 2018Despite a move towards workspace optimisation in the Australian office market, a significant decline in sublease availability has suggested that these efforts may have been excessive, according to JLL.
Federal government to boost Qld housing with 1k new homesA series of new housing projects will seek to increase housing supply across south-east Queensland, with an emphasis on reducing housing stress for renters, first home buyers, and “vulnerable Queenslanders”.
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