Australia stepping up to the challenge
Low apprenticeship numbers will worsen the nation’s housing crisis if action is not taken immediately.
Australia is building 15,000 fewer homes than needed each quarter to reach the 2029 target of 1.2 million new homes by 2029, data from the Australian Bureau of Statistics shows.
Scheme to allow 40,000 first-home buyers to access cheaper deposits through a shared equity scheme with the federal government - being able to put down a deposit of as little as two per cent - is back before Parliament.
Master Builders Australia says new Australian Bureau of Statistics data for the month of August revealing a 6.1 per cent decline in the total number of new home building approvals is cause for alarm.
Rental growth is starting to ease after four years of runaway rises and prices climbing more than by 40 per cent, according to analysis by both Domain and PropTrack.
Queenslanders have lost out on 33,000 new homes and 10,000s of jobs to investment-killing taxes, according to Property Council executive director Jess Caire - a former conveyancer - who criticised the state government as the peak body released new research.
Australia’s sluggish construction market is facing even more headwinds, industry leaders are warning as new data from the Australian Bureau of Statistics shows the number of building approvals heading in reverse.
Ongoing debate over housing policy prompted Treasury advice on negative gearing, according to Jim Chalmers, who spoke out after the Prime Minister denied the government had plans to reform the scheme.
The property investment community is deserting the sector in droves, a new survey by the Property Investment Professionals of Australia shows.
Modest adjustments to property investors' tax concessions will save billions in the federal budget and help fund housing supply, independent senator David Pocock claims.
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