Australia stepping up to the challenge
The 115,970 construction industry apprentices who are in training is 4.6 per cent fewer than a year earlier, according to latest figures.
Findings show the way new homes across the country are taxed has to change, according to the Property Council.
Aging skilled workforce and competition from other industries holding back residential house builds.
As major state political parties back moves to speed up housing developments, sluggish councils would have no choice but to accept new projects.
Long-standing, complicated planning processes will be swept aside in an effort to build more homes faster in a state that's fighting to keep young families.
Australia should follow New Zealand in reforming zoning rules to boost limp construction productivity and expand housing supply, leading economists say.
Lifting the caps in an expanded government home-buying scheme will open the door for more first-time buyers, but it also risks fast-tracking price rises.
Sydney's Long Bay Correctional Centre, and it's expansive tract of land on the eastern suburbs coastline, could be the key to solving the city's housing burden.
Latest Regional Movers Index – which tracks migration from capital cities to the regions – fell by nearly 20 per cent in June.
But annually there has been a decline of 4.2 per cent, suggesting sellers and buyers alike are hesitant about proceeding, SQM Research's Louis Christopher says.
Get Australian Conveyancer News Alerts pushed to you
All news, articles and insights on the Australian Conveyancer are available free and online. Subscribe to receive these insights direct to your inbox every week. Stay on top of the issues affecting the industry and your business.