According to The Australian Financial Review, the NSW budget housing policies will give a shot in the arm to outer-suburban houses and inner-city apartments as the stimulus spreads across different housing types, CoreLogic director of research Tim Lawless said.
The twin stimuli for first home buyers of a shared equity scheme and the opportunity to pay an annual land tax instead of an upfront stamp duty would play out most strongly in lifestyle areas such as the Central Coast and affordable areas where prices were lower, Mr Lawless said.

https://www.afr.com/property/residential/sydney-units-central-coast-and-outer-suburban-homes-get-budget-boost-20220621-p5avf8

 

According to The Australian Financial Review, the face of Australian housing is changing, with new home creation spreading beyond traditional residential areas as demand for homes close to work – and the need for more affordable dwellings – grows.
“The takeaway is that we are delivering more dwellings in non-residential areas like city and mixed-use type areas through apartments – that change is happening,” ABS director of construction statistics Daniel Rossi told The Australian Financial Review.

https://www.afr.com/property/residential/the-face-of-australian-housing-is-changing-20220615-p5att3

 

According to The Australian Financial Review, Australia’s senior property leaders have warned that another housing crisis is being “baked in” with state and local government planning bottlenecks choking the supply of new homes and putting renewed pressure on affordability as population growth recovers.
While housing commencements surged 25 per cent to 229,000 last year, courtesy of the Homebuilder stimulus, the balance is already swinging back the other way, with new housing supply squeezed by planning restrictions and exacerbated by delays caused by materials and labour shortages.
As migration gradually returns to its pre-pandemic levels, the number of households will soon exceed the number of homes available, according to analysis by the National Housing Finance and Investment Corporation. That deficit in accommodation needed will emerge by 2025. The number of households exceeding new supply is forecast to rise to a cumulative 163,400 homes by 2032.

https://www.afr.com/property/residential/fix-housing-supply-fast-property-chiefs-20220606-p5ark3

 

According to The Australian Financial Review, the cost of a new house rose by a record $76,715 in April as supply chain and labour shortages added to the costs for home builders, prompting a warning that more builders would go bankrupt, crunched between soaring prices and fixed-price home contracts.
The $76,715 average surge in cost from a year earlier lifted the average value of new homes approved over the $400,000 mark nationally for the first time and also increased the pressure on home builders committed to fixed-price contracts signed with clients before costs surged, economist Maree Kilroy said.

https://www.afr.com/property/commercial/home-building-costs-jump-76-000-from-a-year-ago-20220531-p5apwm

According to The Australian Financial Review, apartment values rose faster than houses in more than half of all suburbs nationwide in the past three months as stretched affordability and lower borrowing capacity forced buyers to opt for high-density homes, data from CoreLogic shows.
Rising rents are also expected to lure more investors to the unit market and help fuel further price gains this year.
Of the 899 suburbs analysed, units outperformed houses across 489 markets by up to 8 percentage points.
Apartments in desirable inner-city suburbs, outer ring areas and coastal locations trumped houses as the price gap widened to record levels.

https://www.afr.com/property/residential/newtown-port-melbourne-apartments-defy-housing-slump-20220520-p5an0z

 

According to The Australian Financial Review, the housing boom is far from over in the regions, with prices in some areas expected to rise by another 20 per cent this year as demand continues to outstrip supply, experts say.
House prices in some popular regions such as the Gold Coast and Sunshine Coast in Queensland, Shepparton in Victoria and the Hunter Valley in NSW, had already shot up by around 10 per cent since the start of the year, said Nerida Conisbee, Ray White chief economist.

https://www.afr.com/property/residential/regional-house-prices-on-track-to-rise-by-20pc-this-year-20220517-p5alyy

According to The Australian Financial Review, ANZ is predicting house prices to fall by 6 per cent nationally next year; Sydney prices are set to drop by 7 per cent, Melbourne by 6 per cent, Brisbane by 3 per cent and Adelaide by 5 per cent.
Perth and Hobart are expected to fall by 6 per cent each, Darwin by 8 per cent and Canberra by 8 per cent.
ANZ expects the cash rate to rise to 2.25 per cent by May next year.

https://www.afr.com/property/residential/housing-affordability-set-to-worsen-even-with-20pc-price-fall-20220511-p5ak8w

According to The Australian Financial Review, rising interest rates are expected to boost the apartment sector, as higher mortgage costs encourage buyers to accelerate the push into cheaper units, developers and investors say.
Demand will probably shift from detached houses to apartments as more people are priced out of the market for standalone homes and find their borrowing power “dramatically” reduced because of higher mortgage rates, JLL’s senior director of research, Leigh Warner, said.

https://www.afr.com/property/residential/interest-rate-rises-likely-to-spur-apartment-demand-20220504-p5aid0

According to The Australian Financial Review, house prices are likely to fall harder in Sydney and Melbourne between now and next year if the higher-than-expected inflation numbers prompt the Reserve Bank to start raising the official cash rate, experts say.
The risk of a sharper decline in house prices outside the country’s two biggest markets will also increase and could trigger a downturn even in those capitals where home values are still rising.

https://www.afr.com/property/residential/house-prices-are-at-risk-of-sharper-falls-20220427-p5agdt

 

According to The Australian Financial Review, foreign buyers are surging back into Australia’s new housing market, accounting for 7.9 per cent of the demand for new homes across the country, after close to doubling over the March quarter, according to NAB.
It is the third consecutive quarterly rise in the overall share of market sales to foreign buyers – it was at 4.6 per cent in the fourth quarter last year – taking that proportion to its highest level since midway through 2020.

https://www.afr.com/property/residential/foreign-buyers-return-to-new-homes-market-nab-20220421-p5af2u