Australia stepping up to the challenge
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.
Radical 30% property price fall that would solve Australia’s housing affordability crisis is highly unlikely, according to AMP economist My Bui.
Fast-growing number of people living in apartments is a burden – and an opportunity – for conveyancers.
People who own property might be able to make more than $30,000 a year, if the market is good, simply by holding onto their asset for about nine years.
Community housing advocates have praised fast-tracked funding to build an extra 5000 social homes to urgently address Australia's shortfall.
Close to 25 per cent say housing is the most important issue for them - up from 8 per cent in November 2023.
Tens of thousands of extra rental properties will be added to the housing stock under altered tax settings that have passed parliament.
While homeowners have seen 40 per cent growth since the start of COVID, 2025 appears to be shaping to be a buyer's market.
Government incentives will go some way to helping the 7 out of 10 Australians who want to buy a home in the next five years but feel they won’t be able to.
Low and middle-income Australians struggling to crack the housing market will soon be able to buy with a smaller deposit via federal help.
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