Australia is known for its vast land and open spaces, but in recent years, the size of blocks of land available for residential development has been shrinking. This trend is particularly evident in urban areas, where the demand for housing is high and the land is scarce. The shrinking size of blocks has significant implications…
After months of declining dwelling approvals, the trend appears to be shifting positively. In fact, the latest data from ABS show that dwelling approvals rose a sharp 18.5% month on month in December, rebounding after the previous month’s 8.8% fall. The rise was driven by the very volatile apartment series (+56.6% month on month after…
New home sales have been declining as interest rates have been rising. This is because when interest rates increase, borrowing costs for mortgages also increase, making it more expensive for potential buyers to purchase a home. Additionally, rising interest rates may also cause some buyers to delay purchasing a home until rates stabilize or decrease….
