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Why a new $30k grant for some first-time home buyers might make it even harder for Catherine to save a deposit

The Queensland government has doubled its First Home Owner Grant to $30,000 but the incentive won't suit everyone. Here's what you you need to know.
A 30-year-old woman with long blonde and black hair and glasses stands outside a brick home that has been painted white..

The housing boom is tipped to continue in two cities, but most other places are set for price falls

Australian real estate is set for a double-dip downturn, according to a leading analyst, as interest rates finally weigh on property prices and for-sale listings surge.
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a house for sale in the brisbane suburb of stafford with the sale sign in the front yard

Queensland first home owner grant doubles to $30k, can be used 'if your parents want to put a granny flat in the back'

The boosted home buyers' grant will come into effect on Monday, and can also be used for granny flats or module homes. 
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A high-up view of a housing estate, with mountain in background

The bank of mum and dad risks worsening class divides in Australia. Here's why

With the surging costs of homes in Australia, more young people are relying on family to enter the market. It has experts concerned about deepening class disparity.
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A for sale sign in front of a rundown house

Homes in almost every part of Queensland now worth more than ever before

While "some heat" could leave the market after the Reserve Bank lifted interest rates this week, for now, house prices have surpassed even the post-COVID records of early 2022.
A high-up view of a housing estate, with mountain in background

China expected to ease tariffs on Australian imports

Improved relations between China and Australia expected to thaw trade freeze and ease tariffs on Australian imports
ABC News Current
Duration: 5 minutes 20 seconds

Spike in seniors seeking public housing, homelessness services after being priced out of rental market

Retirees and aged pensioners have to choose between leaving cities they have lived in for decades or becoming homeless amid a worsening rental crisis.
a woman holding a dog and sitting at a table reading a pile of papers

How much extra could your mortgage repayments be, now that the cash rate is 4.35 per cent?

Tell us your loan size, term and interest rate, and our mortgage repayment calculator will work out how much extra you may have to pay on your loan. 
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A drone shot of rows of houses in Shell Cove, Wollongong's south.

These vivid pink lines mean developers can build as tall as they like. Could they ease the housing crisis?

The sky is the limit for developers on much of the Gold Coast's beachfront real estate, but is it what people want?
A map showing the areas zoned without a height limit throughout the Gold Coast's tourist strip marked in pink

Will the Reserve Bank raise the interest rate again?

The Reserve Bank board to decide whether to raise official interest rates again, despite a weak economy and millions of households already suffering intense cost of living pain.
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ABC News Current
Duration: 7 minutes 1 second

What The Block auctions tell us about Australia's housing market

One couple has netted a staggering $1.6 million in profits after winning The Block, while another couple’s shaky auction saw them walk away with $65,000 in comparison. So, what do these wildly different results say about Australia’s housing market?
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Steph and Gian sit on a couch looking shocked as their auction takes place.

Dream of living on a private island? Peek inside the market for millionaires off Queensland's coast

From a former party island with a makeshift golf course to quiet, private oases, there are currently five islands for sale, with asking prices starting at $1.75 million.
aerial shot of green boot-shaped island surrounded by blue water and coral reef with white beaches and beachfront cottages.

'Hotly contested' real estate markets starting to cool as more homes hit the market

Property prices accelerated 0.9 per cent in October, but there are signs the rate of growth is slowing.
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A two-storey red brick home.

Exodus of landlords to put more strain on rental market

The property sector is warning an exodus of investors from the market could put more strain on a dwindling supply of rentals.
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ABC News Current
Duration: 1 minute 51 seconds

Tenants forced to consider leaving coastal towns as rent rises hit 'severe crisis' levels

A report into spiralling rent prices has found some Sunshine Coast residents are spending up to 60 per cent of their income on rent, with social housing groups saying some locals are being forced out.
People enjoying the beach at Noosa on a sunny day

Alison says she tried to do the right thing by tenants, but being a landlord became too complicated

Landlords across Victoria say they are selling off their investment properties, citing issues such as rising costs and changing regulations as those pushing them away from housing.
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A woman wearing a blue denim jacket and red glasses.

Swapping bricks and mortar for a home on wheels, this Queensland couple is choosing homelessness

Kristy Bowman and Kevin Humphrey's move to a home on wheels is no #vanlife adventure — it's a heartbreaking decision made necessary by constant rent rises.
A man and a woman squeeze into the close sleeping quarters of a van with their small staffordshire terrier-cross.

After years of growth, farmland sales hit a turning point as owners brace for dry weather, lower commodity prices

The market for Australian farmland has outperformed the ASX and residential markets for years now, but El Niño and lower commodity prices mean farmers are holding off from selling.
Updated
The sun has just risen over the horizon on a cloudy day, old machinery is in the middle of the shot, with mossy wood posts.

How a 'sharp deterioration' in China's property market could affect housing affordability in Australia

Australia's biggest trading partner is facing its biggest economic slowdown in decades, and the Reserve Bank has warned that stress in China's economy will be felt across the world — including here in Australia.
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Chinese flags near the logo Evergrande Centre in Shanghai, China, on September 24, 2021.

Land values in a tiny patch of WA's outback skyrocket as big cotton moves in

Australia's legacy cotton country is once again bone-dry, but some of the area's largest growers have set their sights on an unlikely part of Australia where the grass might just be greener.
An irrigation channel.

There's a bunch of issues impacting Australia's housing crisis. Then there's the 'Nimby Paradox'

As suburban sprawl radiates from cities across the country, experts say Australia needs more infill development. But building higher-density homes isn't always easy. 
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scaffolding around building next to crane

Sue has been house-sitting since the pandemic. In a rental crisis, she is anxious about the day she gets too old to do it

New data released by CoreLogic shows the rental crisis is getting worse. With fewer affordable rentals on the market, more people are turning to granny flats, share houses and house-sitting to put a roof over their heads.
Updated
a woman on holiday with a sign

Australian house prices are set to lift further as interest rates stabilise. Here's what's happening in your capital city

Australia's housing market is firmly in recovery mode as prices are on track to reach a new record high. Here's what's happening in your capital city.
A bird's eye view of dozens of homes in a suburb, with a frame of one house being constructed.

analysis:RBA warns 'solid middle-to-upper-income' people are the new borrowers in financial stress

The Reserve Bank has kept interest rates on hold, but more hikes are expected later this year as 550,000 people come off fixed mortgages. The RBA itself warns that could put more people in financial stress, writes Nassim Khadem. 
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A drone shot of a new housing estate, with houses stretching as far as the eye can see

House prices on track to hit new record high, continuing to frustrate first home buyers

Housing data for September shows prices rose 0.8 per cent, led by Adelaide, Brisbane and Perth, despite a gradual increase in properties for sale and higher interest rates.
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a house for sale in the brisbane suburb of stafford with the sale sign in the front yard