Australia stepping up to the challenge
Forty-eight out of the 50 regions in a new REIQ report have landed in what they classify as a tight rental market.
Just 22 per cent of Australians surveyed were satisfied with the availability of affordable housing, the lowest level since Gallup started conducting the polls in 2006.
Deal welcomed by housing industry bodies but they say more needs to be done to hit 1.2m homes target
Price rises of 7.6 per cent are more than double the rate of CPI, signaling another dent in the government's 1.2 million homes target.
Renters could save up to $2,600 in interest over 10 years to provide much-needed emergency savings if required.
The slowing property market is turning into a win for renters and first-time buyers, according to economists.
At the current pace, only 183,996 of the 322,000 new dwellings needed in Greater Sydney by July 2029 will be delivered.
Despite the Greens pivoting towards the plight of renters ahead of the election, tenants are giving more backing to the major parties, polling has revealed.
An independent development approval arbitrator is needed to consider appeals after number of cases doubled in a decade, according to HIA
The 169,140 new homes approved in 2024 is 30 per cent lower than required to achieve the 1.2 million National Housing Accord target.
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