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The production of new land throughout many regions in Australia in 2008/09 is to be restricted by a combination of high prices for residential land and the higher interest rates seen during 2007/08, according to economic forecaster and industry analyst, BIS Shrapnel.

The Real Estate Institute of Victoria has welcomed suggestions from Victorian Premier John Brumby that governments need to do more to assist young Victorians to purchase their own home.

According to mortgage broker AFG, sales of mortgages across Australia during September recovered by 10.2% from the previous month.

Weekly release of national auction results on an individual, state by state basis, put together by the RP Data research team.

Housing affordability is understood to be making the unit and townhouse market increasing popular with first home buyers, according to the Real Estate Institute of Queensland.

According to the HIA, a general weakness in leading housing indicators is persisting into the second half of 2008, with building approval figures confirming a continuance downward trend over the last nine months.