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Furthermore, in the year to April, sales fell by 19.2% year-on-year. After a decade of sharp rises, home prices have been declining since September 2017.
The new rules, which include steeper taxes on foreign purchases of existing domestic properties, are part of a Labor strategy intended to free up more housing stock. The…
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DOI: 10.1108/OXAN-DB284915
ISSN: 2633-304X
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Geographic
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Rental rises are most acute in major cities, where institutional funds with substantial wealth have increased their weight in the rental market, making housing less affordable…
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DOI: 10.1108/OXAN-DB263967
ISSN: 2633-304X
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Geographic
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This second extension is due to a slower-than-expected fall in cases in the COVID-19 pandemic’s second wave: 904 new infections were reported in the previous 24 hours yesterday…
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DOI: 10.1108/OXAN-DB257991
ISSN: 2633-304X
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Geographic
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Short-term government policies have consistently failed to contain price increases, much less lower them. As a result, sharply rising housing prices over more than a decade have…
The positive dynamics that are appearing in the property and construction sectors.
The situation has become more acute in recent years as demand has continued to far exceed supply. The public sector's role in building new housing has contracted, contributing to…
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DOI: 10.1108/OXAN-DB263573
ISSN: 2633-304X
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Geographic
Topical
UNITED STATES: Housing rental cost squeezes incomes
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DOI: 10.1108/OXAN-ES207222
ISSN: 2633-304X
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Geographic
Topical
The explanation lies in a government scheme offering subsidised mortgages, which drew prospective buyers to move faster than they might otherwise have done. While housing demand…
As Australia seeks to manage slower demand from China and depressed commodities prices, Prime Minister Malcolm Turnbull has called a 'double dissolution' election for July 2…