Australia stepping up to the challenge
The 180,500 figure for homes started in 2024-25 is almost 60,000 short of the government’s annual target of 240,000, Master Builders Australia Shane Garrett says.
With listings 20 per cent below average and values climbing, Cotality's Tim Lawless is one of the experts who says the supply-demand imbalance could push annual growth into double digits.
Property Council's Matt Kandellaars says drop in home building approvals during July was disappointing.
House prices could surge and mortgage defaults rise when a government scheme to help first home buyers begins ahead of schedule, experts warn.
In a decision that "won't be met by universal happiness" the first new train station in a decade will sit next to Australia's most expensive housing market.
A federal program allowing just a five per cent deposit for people to get their first home has been brought forward by three months.
Property Council, Master Builders Australia and the Housing Industry Association all back government moves to address National Accord backlog.
Australia's regions are facing a worsening housing shortage, with typical country houses part of the complex problem, a report has found.
Aussie couples without kids and people living alone make up the majority of households but property data reveals housing stock is built for bigger families.
Industry association PrefAUS has ambitious targets of 30 per cent of all construction by 2033 - and wants to be a big player at the Brisbane Olympics.
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.