David Paul Morris/Bloomberg via Getty Images Inflation fell further in June as lower gasoline prices combined with other easing price pressures to bring relief for consumers’ wallets. The consumer price index, a key inflation gauge, rose 3% in June from a year ago, down from 3.3% in May, the U.S. Labor Department reported Thursday. The … Read more
Anyone out shopping for a home today knows there is still precious little for sale. The housing market is just beginning to come out of its leanest few years in history. Inventory of both new and existing homes is finally rising, but there is something suddenly strange in the numbers: The supply of newly built … Read more
A homeless man who was living in a tent in Adelaide’s northeast will soon have a place to call his own after five years. Peter Woodforde, affectionately known as Woody, was living under a gazebo behind the Salvation Army in Modbury for the last 18 months but was recently told he would have to move … Read more
The first planned mini-cities have been unveiled under a signature NSW housing policy a minister insists will enable the state to deliver on ambitious home-building goals. Tens of thousands of homes could be built near four stations as part of a blanket high-density rezoning around those and other transport hubs. Plans for the initial fast-tracked … Read more
Clouds are finally starting to part for Australian tenants, with rents in most major cities either falling, stalling or growing at a slower pace. Low vacancy rates have pushed advertised rents higher for several months running but the latest report from real estate platform Domain shows conditions are improving for renters. Asking rents for houses … Read more
A sign advertising a home for sale is displayed outside of a Manhattan building in New York City on April 11, 2024. Spencer Platt | Getty Images Manhattan is becoming a buyer’s market as apartment prices fell and inventory rose in the second quarter of 2024, according to new reports. The average real estate sales … Read more
Australians are extending their mortgages amid the cost-of-living crisis, taking on more debt in the long run. New research by Finder reveals 13 per cent of people surveyed have extended the length of their home loan in the past 12 months. The average loan size in Australia is $625,050, according to Australian Bureau of Statistics … Read more
Boomers are renting out their homes, apartments amid rising housing costs The co-living arrangement has benefits for both homeowners and renters 75% of the country’s housing was considered unaffordable in 2023 (NewsNation) — Many Baby Boomers are turning to home-sharing amid high inflation and rising housing costs, marking a rise in what people are calling “boommates.” … Read more
Geoff Browne and his family should have been settled into their first home, instead they’ve paid tens of thousands of dollars worth of debts and sold their dream home because it was falling apart before it was even finished. The Adelaide family have been scathing of South Australia’s consumer watchdog, labelling it a “toothless tiger” … Read more
(NewsNation) — Americans are increasingly worried about making ends meet and even high earners are feeling the pinch, according to a new survey from the Federal Reserve Bank of Philadelphia. Overall, 35% of consumers said they are concerned about making ends meet in the next six months, up from 29% a year ago. Over the … Read more
