Australia stepping up to the challenge
A conveyancing industry leader scrutinises the election promises to tackle the housing crisis.
Big investment in skilled migration and training pipelines are what’s needed to reach Housing Accord target.
New government needs to adopt drastic measures to get anywhere the 1.2 million homes by 2029 – with the experts predicating a 400,000 shortfall.
New figures from Domain show average house prices near $1.7 million – while CoreLogic highlights the need for six times annual income to purchase a property.
Young women and gender-diverse people could decide the upcoming election outcome, with politicians warned to ignore their policy priorities at their peril.
Higher density home starts sank to their lowest since 2011 following a 5.4 per cent decline.
Both policies face significant headwinds from Australia's construction industry realities, according to Ray White chief economist Nerida Conisbee.
Fresh housing policies from both the major parties may end up pushing up house prices, economists are warning.
Over the year to February, 177,400 new homes were approved - well below the 240,000 annual target.
Federal Budget funding for prefab homes and an expansion of the Help to Buy scheme welcomed.
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.