Australian Property Updates


Property Information & Real Estate Updates

Property Development

New rise of property development

Building approvals rose 15.3 per cent to 16,383 units in March, seasonally adjusted, from an upwardly revised 14,208 units in February, the Australian Bureau of Statistics (ABS) said on Wednesday. It was the highest number of monthly building approvals since October 2003 and the first rise in overall approvals since last December.In the year to March, building approvals were up ...

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The Government Strategy on housing supply

A State of Supply report was released this week by the Federal Government’s National Housing Supply Council.  By far the most significant finding set out in the report was the fact that nationally Australia is suffering  from a gross undersupply of housing.  The report estimates a national shortage of at least 178,400 dwellings. The greatest housing shortage was found to ...

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