NEWS UPDATE
NEWS UPDATE
Funding for renewable energy projects, electric vehicle subsidies and social housing will be slashed under a future coalition government to pay for income tax cuts. The proposed savings would add $31 billion to the federal budget bottom line, more than paying for the proposal to…
Australia has just recorded a house price slump the likes of which it has only ever seen twice, but the government has urged home-owners to keep the faith. Weakened buyer confidence has driven house prices down across every capital city for the first time in…
As Australian property prices slump nationwide, regional home owners can take solace that their assets have out-performed those in the big smoke over the past year. In the year to September, regional dwelling values gained 5.6 per cent, while those in the capital cities have…
The cost of building a new home has re-accelerated as the Middle East oil crisis continues to impact the industry. Construction costs increased 3.2 per cent in the 12 months ended September, up from 2.8 per cent in 2025/26, Cotality’s latest Cordell Construction Cost Index…
Homes are likely to keep getting cheaper for about a year, but the downturn in house prices has not been replicated in rentals. Property prices are tipped to fall between eight and 11 per cent from their March peak and will only start to recover…
Home buyers are holding off to see where the falling Australian housing market lands as high interest rates, stubborn living costs and federal tax changes weigh on valuations. After a strong financial year of loan growth at People First Bank – Australia’s largest customer-owned bank…
Australia is set to fall further behind on its bid to build 1.2 million new homes in five years. Less than two years in, the nation is already more than 100,000 homes short of schedule. The deficit is unlikely to be narrowed when the Australian…
Australians are willing to cut back their spending in record numbers to afford a property, affirming the ongoing value of home ownership, new data shows. More than 75 per cent of residents were willing to cut their spending back to afford a home, a Cotality…
A global financial body has given the Reserve Bank the green light to hike interest rates and urged Treasurer Jim Chalmers to be bolder on tax reform. With a break-out in price growth hitting Australians’ living standards, returning inflation to target in the near term…
Changes to property tax breaks in the federal budget are working, the housing minister says, as data shows most home vendors are still making massive profits despite a downturn. Clare O’Neil brushed off figures from the Housing Industry Association showing a 10 per cent fall…
Australians are “furious” about inflation and it will take the nation years to fully get on top on higher post-pandemic living costs, the Reserve Bank’s deputy governor says. Ahead of the central bank’s meeting later this month on interest rates, Andrew Hauser said inflation remained…
Australia’s peak property season has opened with a whimper, featuring low stock and lacklustre auction success rates. Capital cities hosted just 1462 auctions in the first week of spring – more than 30 per cent down on the figure for a year earlier. The combined…
Australia’s largest home lender has warned property prices could fall in capital cities by 10 per cent, with the downturn faster and broader than expected. The Commonwealth Bank said in a housing update it expects a deeper correction in the property market than anticipated, with…
Purchases of Australian property by overseas investors have plunged after the government announced a ban on foreigners buying Australian homes. The number of investment approvals fell by more than 22 per cent to 5284 in 2024/25, the Productivity Commission found in its annual trade and…
A modular home factory will receive $120 million in taxpayer backing to turbocharge the fledgling industry and solve Australia’s housing shortage. The investment in Built Living – a 50:50 joint venture between Australian contractor Built and Bunnings owner Wesfarmers – is the first foray into…
Privacy Policy Powered by Feedsy
Angel Advisory Intermediate Pty Ltd trading as Nixon Financial Services
ACN 699 248 989
Corporate Authorised Representative no. 1322597
Financial Services Guide Part 1
Joel Plowman’s Financial Services Guide Part 2
Leigh Jenkins Financial Services Guide Part 2
Rod Harper Financial Services Guide Part 2
Mark Trajkovski Financial Services Guide Part 2