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News
ASB: NZ house price boom era is over, moderate recovery ahead
2+ day, 23+ hour ago (293+ words) Structural shifts point to slower, steadier house price gains for years ahead New Zealand's housing affordability has improved sharply from 2021 extremes, with house prices now sitting at roughly 6.7 times household disposable income, down from a peak of 9.8, according to ASB's…...
NZ house prices won't recover to 2021 highs until 2029: ASB
3+ day, 13+ hour ago (314+ words) ASB tips a slower, income-led recovery as structural headwinds reshape the housing outlook New Zealand house prices are unlikely to reclaim their late-2021 peaks until as late as 2029, according to a new ASB Economics note, which argues the housing market…...
Six million UK adults have no plan for retirement housing costs
3+ day, 18+ hour ago (572+ words) Royal London research reveals a £85,000 pension gap between those who will and won't carry housing costs into retirement Six million UK adults don’t know how they’ll cover their housing costs in retirement, according to new Royal London research. The study…...
Poll reveals where Australians stand on migration vs housing
3+ day, 17+ hour ago (404+ words) National poll pits migration policy against housing solutions A new national poll suggests Australians have lost faith in the country's ability to build enough homes to solve the housing crisis, with a clear majority instead backing cuts to migration, The…...
Business conditions go negative for first time since 2020
4+ day, 14+ hour ago (326+ words) Weak profitability and sliding confidence raise borrowing capacity concerns for brokers A 10-point drop in profitability and a five-point fall in trading conditions dragged Australian business conditions into negative territory in August — the first time that's happened in six years....
Business conditions go negative for first time since 2020 as confidence slides
4+ day, 16+ hour ago (326+ words) Weak profitability and sliding confidence raise borrowing capacity concerns for brokers A 10-point drop in profitability and a five-point fall in trading conditions dragged Australian business conditions into negative territory in August — the first time that's happened in six years....
Ontario housing reform needs six key fixes, RESCON says
5+ day, 12+ hour ago (486+ words) Taxes and fees account for 36% of a new Ontario home's cost, RESCON president warns Ontario has made real progress on housing affordability, but not enough. That is the verdict from Richard Lyall, president of the Residential Construction Council of Ontario…...
Canada fires back with CA$27.6B in counter-tariffs on US goods
5+ day, 13+ hour ago (564+ words) Trade war deepens as Ottawa targets 700-plus American products with duties of up to 50% Canada's retaliatory tariffs on CA$27.6 billion worth of US goods took effect at midnight on September 8, escalating the bilateral trade conflict and adding fresh pressure to…...
Burnham should cut stamp duty for downsizers to unlock UK housing supply
5+ day, 11+ hour ago (564+ words) Targeted stamp duty relief for older movers would free up family homes and help decarbonise the UK's housing stock Andy Burnham has ruled out changes to stamp duty ahead of the Autumn Budget, but a senior mortgage industry figure says…...
Just 12% of homes now affordable for median earners
5+ day, 17+ hour ago (407+ words) Industry demands more homes, not more buyer assistance Housing affordability in Australia has plunged to a record low: a median-income household can now afford just 12% of homes sold in the past financial year, down sharply from 43% only five years ago,…...