Australia's Housing Market Woes
4 articles from 1 country
Australia's capital city home auction clearance rates have dropped to a six-year low, with fewer than half of properties selling at auction. This downturn occurs as the Australian Labor party addresses concerns about cooling house prices.
Australian home auction clearance rates hit six-year low
- Australia's capital city auction clearance rates have fallen to a six-year low, with less than half of homes selling at auction. - Preliminary data shows a 47.4% clearance rate for the week ending June 21, with significant variations across major cities. - Economists predict further easing of auction rates due to weaker selling conditions, while political debate intensifies over housing tax poli…
Australia's biggest cocaine seizure: 2.7 tonnes found buried under Sydney property
- Australian police seized 2.7 tonnes of cocaine buried in secret bunkers, marking the country's largest ever drug bust. - The drugs, with an estimated street value of $816 million, were found at a pr…
Australia politics live: Labor’s big reforms face test as parliament returns; national cabinet to debate fuel security
- Australian Labor MPs are addressing concerns about cooling house prices, balancing the goal of helping first-time buyers with protecting existing homeowners. - Environment Minister Murray Watt state…
Australia is publishing books too quickly – and everyone is losing out
- Australian authors and industry professionals report that books are being rushed to market, leading to a decline in quality and immediate disappearance from view. - Rushed deadlines, financial press…