OECD report says Governments must lessen budget deficits to ease the burden on cost of living as oil prices continue to hit hard.
The economy is expected to be hit with a savage inflation spike which will in turn increase the chances of more interest rate hikes.
Rising interest rates and living cost pressures mean it will be a tough year for the housing market, and even more so for renters.
Housing and electricity main contributors to inflation but figures have not taken into account the Middle East conflict.
Despite a raft of initiatives, many states have fallen behind in attempts to reach housing supply targets set for 2029.
State Government urged to think twice about initiating legislation at a time when building and fuel costs are continuing to rise.
Rising petrol prices are beginning to have an effect on construction costs, which could severely hamper building targets.
Property and energy sectors condemn any proposed new taxes which will hurt housing supply and affordability.
Changes to planning laws and skyrocketing property prices are sparking a lift in airspace development in several Australian capitals, according to experts.
More homeowners are building a small second dwelling, driven by solid rental returns and more relaxed planning rules, according to property experts.
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