Australia stepping up to the challenge
Rental affordability has plunged to record lows, according to an annual affordability index, which paints an increasingly grim picture.
Investments that help boost housing supply will be prioritised under a revamped mandate for Australia's $230 billion sovereign wealth fund.
From early 2025, housing developments of about 100 homes in greater Sydney will be able to bypass council approval and seek assessment from a new three-person panel.
Two new reports show annual rental growth is slowing to give renters some relief - but is still above pre-pandemic levels.
New research by the Property Council shows that limiting student visas will have little impact on rents.
The focus of the government should be on increasing housing supply rather than cutting tax concessions for property investors, the Treasury chief says.
Apartment building times have increased from 18.5 months to 33.3 months – heaping even more pressure on government's plans to build 1.2 million homes.
Senate urged to pass build-to-rent bill as new YouGov poll shows housing affordability is a priority for 79 per cent of Australians.
A dip in Sydney property prices will be welcomed by prospective homebuyers, with the city tipped to mimic Melbourne's shallow downturn.
Property and construction industry leaders welcome news of a home building recovery but say more needs to be done to solve the housing crisis.
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.