Housing market whacked by trifecta of negative results
Economist says 'established prices are falling, rents are still rising, new housing is becoming more expensive and approvals remain below the level Australia needs'.
The challenge of finding a new home
Economist says 'established prices are falling, rents are still rising, new housing is becoming more expensive and approvals remain below the level Australia needs'.
Data expert says 'rental demand is restructuring as people form larger households or stay in the family home for longer'.
REI ACT boss Maria Edwards says 'we need policy that supports buyers and renters, rather than improving one side of the equation at the expense of the other'. Here she explains what needs to be done in the nation's capital.
Advocacy group says 'where housing construction does not occur, the capacity of governments to generate revenue is diminished'.
Peak body says 'Australia simply cannot meet its housing ambitions on the current trajectory and policy headwinds'.
REA boss says 'the interest rate rise, tax changes and the cumulative impact of higher borrowing costs weigh on buyer demand'.
Builders boss says 'if we are going to continue with international students, we should be linking to areas where skills really matter'.
But completed dwelling numbers still fall well short of where they need to be if National Housing Accord target is to be met.
One Nation says 'we will reduce the number of temporary migrants and unlawful non-citizens, giving housing breathing space'.
Economist says 'rate increase likely contributed to the weaker result, as buyers faced reduced borrowing capacity'.