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auction market

Record bounce back fuelling housing crisis

Australia’s house price recovery continued in April, with PropTrack’s dwelling values index recording a 0.1 per cent monthly rise to be up 1.4 per cent from its December trough.Sydney, the market which led the downturn, is now leading the…

Grim news for one Aussie industry

Approvals to build new homes have slumped to a decade low as rising interest rates and soaring construction costs force buyers out of the market. Total approvals slumped to 27.6 per cent in January, seasonally adjusted, reversing the 15.3…