The housing industry is calling for the Federal Government to cut $12 billion in red tape costs which is making housing unaffordable.

Australia’s fastest-selling suburbs are in Melbourne, Perth and Adelaide, with many homes changing hands within only two weeks of being listed.

Strong price growth in 2025 means that six capital cities are now in the $1 million median club.

The retail sector has emerged as the most sought-after commercial property for investment, according to analysis by CBRE.