Secret forces controlling house prices

HOUSE prices are increasingly out of local hands — instead they vary at the whim of global forces we can’t control. This is the conclusion of a major new review of the evidence by the International Monetary Fund. It’s not just citizens who find control slipping...

Does our Housing System Need Fixing?

Australia’s housing system is “broken” from decades of failed policies, misdirected government investment and inaction, and the government will need to overhaul tax incentives and fund low-cost rental housing to fix it, industry experts have warned. A national housing...

Average Aussie home hits $686,700

THE value of residential real estate is almost $7 trillion, with the average Aussie home now worth $686,700, official data out today showed. The total value of Australia’s 10 million residential dwellings increased $92.9 billion during the December quarter to hit $6.9...