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ISCOVER
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 24 January.
To compile this list, not only do we consider the week’s most-read stories and the news that matter most to you, but we also curate it to include stories from our sister brands that also have an impact on the Australian property landscape.
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Here are the biggest property stories of the week:
New home builds rise, but housing target remains elusive
The number of dwelling commencements rose in the September quarter, but figures remain stubbornly below ambitious government targets.
Home Guarantee Scheme passes 200k milestone
The federal government’s scheme has reportedly supported more than 200,000 eligible buyers, according to Housing Australia.
Building construction costs at their highest since 2023
Building construction costs increased by 3.4 per cent in 2024, marking the largest annual rise since September 2023 and further tightening the property market, new data shows.
New listings at their highest since 2021
National new listing volumes were 7.9 per cent higher in 2024 than the previous year despite the seasonal slowdown in December.
Victorian property tax to hit homes, farmers, and businesses
Yet another increasing tax in Victoria will only further incentivise investors – and particularly SMSF trustees – to review their property investments in the state, according to a legal specialist.
Government boosts housing in NSW
The Australian government has announced an additional $182 million to boost housing development across NSW, aiming to deliver 25,000 new homes statewide.
Melbourne poised for a recovery in 2025, valuer predicts
With the upcoming federal election, the Australian property market is said to be at a “crossroads” in 2025, with one valuer predicting that Melbourne will make a comeback.
Hunter, Central Coast take poll position for housing supply
The Hunter and Central Coast ranked as the top performers in housing delivery for NSW, according to recent Australian Bureau of Statistics data.
[Related: Hot Property: The biggest property headlines from the week 13–17 January]
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