A six-bedroom mansion with a pool in Mount Isa is on sale for $540,000. The Queensland home boasts of sprawling views of the town, has space for four cars and includes three bathrooms. While the interior is outdated, Jays Real Estate said the mansion has great potential and is, “waiting for its new King and … Read more
Australian renters looking to move house had slightly more choice in April but with competition for vacant homes still fierce, prices will probably continue to rise. Vacancy rates have been holding at very low levels in most parts of the country, leaving more renters scrambling to secure the few available properties and pushing market rents … Read more
A high-profile Sydney real estate agent has lashed the government for not doing enough to help Australians through the housing crisis, as he claimed it would take a typical first home buyer 40 years to save for a deposit in Sydney. Tom Panos filmed himself in a café, highlighting one of the staff members working … Read more
A home is offered for sale on March 22, 2024 in Chicago, Illinois. Scott Olson | Getty Images Mortgage rates last week dropped to the lowest level since April, but buyers are still struggling to afford today’s housing market. As a result, mortgage demand flattened at a weak pace. Total mortgage application volume inched up … Read more
Renters under pressure will be given a helping hand, as Australia’s housing woes played a key focus in the federal budget. The government has committed $1.9 billion to increase the maximum rates of Commonwealth Rent Assistance by 10 per cent. Under the supplement, welfare recipients who rent receive up to $250 a fortnight. The increase … Read more
An aerial photograph of houses and apartments on coastline in North Bondi, Sydney, Australia. Recent reports indicate that Australian home prices are set to continue their upward trend, driven by increasing migration rates and a shortage of housing supply. Andrew Merry | Moment | Getty Images Australia plans to address its climbing home prices in … Read more
Skynesher | E+ | Getty Images Fewer homeowners have been taking on remodeling projects, reports show. But don’t mistake it for a slow market. The Leading Indicator of Remodeling Activity, an outlook measuring home improvement and repair spending on owner-occupied homes, peaked at 17.3% in the third quarter of 2022. The LIRA has been declining … Read more
The City of Toronto is turning to residents for guidance on what to do with its empty office space as vacancies continue to rise. The percentage of vacant office space in the city rose throughout every quarter last year, closing out 2023 at 17.5 per cent – a three per cent increase from the same … Read more
The Reserve Bank has held interest rates, despite acknowledging stubbornly high inflation, in its third decision of the year. Tuesday’s decision means the cash rate will remain at 4.35 per cent, as it has been since the most recent hike last November. WATCH THE VIDEO ABOVE: RBA announces interest rate hold. Economists largely anticipated the … Read more
So the demand is there, as is growing support from the federal and state governments. What’s lagging is the workforce—at least temporarily. And the US is nowhere near alone: Wherever heat pump adoption is growing, more workers need to train up to meet demand. “If you look at a place like, say, Finland, where pretty … Read more
