Australia stepping up to the challenge
Governments need to review their housing construction regulations to address sluggish productivity if they want to fix housing affordability, a report says.
Tightening rental vacancy rates push rents for Sydney units up to an average of $841. And to an average of $640 in Melbourne, according to analysis by SQM.
Big price increases mean only miners can service mortgages, according to a rural conveyancer who specialised in the first-time buyer market
Home ownership will be easier for Australians with outstanding student debt after financial regulators promised to update their guidance on lending restrictions.
A continued shift of Australians moving to regional towns for lifestyle reasons has boosted property prices at the expense of capital city values.
A state-backed plan aims to create new units essential workers can afford to live in, but officials are yet to reveal how much cheaper the rent will be.
As home ownership falls, rents grow and the cost of living continues to surge, older renters will need more help when they enter retirement, a report has found.
Planning reforms, streamlined development approvals and a strong focus on land releases are helping South Australia solve the state's housing shortage.
Three housing industry bodies have voiced concerns about approvals for apartments and units going in the wrong direction.
Building prefabs in a factory can cut construction times down to 10 to 12 weeks - compared to 18-plus months through traditional methods.
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