Defense land sell-off sparks housing potential
The federal government’s plan to sell off surplus Defence land is prompting states to assess whether former military sites could help ease the housing crunch. Click here to view:
Home values have remained resilient to higher interest rates this year, and this continued in November with prices continuing to lift and hitting fresh record highs in many markets, although the pace of growth has slowed due to the increase in properties coming to market.
Earlier this year national home prices reclaimed 2022’s price falls in their entirety, with the upswing continuing in November as national home prices climbed 0.22% month-on-month to set another fresh record, bringing them up 5.53% so far this year and 1.29% above their previous peak recorded in March 2022.
The federal government’s plan to sell off surplus Defence land is prompting states to assess whether former military sites could help ease the housing crunch. Click here to view:
Rental stress among Australians aged over 75 has surged 116 per cent since 2013, with experts warning 55,000 older people face potential homelessness without urgent reform. Click here to view: