Australia stepping up to the challenge
Minister O’Neil’s reappointment has been welcomed by industry bodies, who say Labor has a mandate to push on with its housing agenda.
The prime minister is poised to reveal his senior leadership team for Labor's second term and the "mandate to build more housing".
But house price growth is needed to ensure new construction is economically viable again, a senior economist says.
Building pipeline of that should be 4,100 a month was just 3,116 in March, according to the Australian Bureau of Statistics.
Cutting student visa numbers was a blunt instrument, did little to ease rental pressure and put serious strain on one of Australia’s most valuable exports, says the Property Council.
Stark mismatch between Australia’s skilled migration intake and the needs of the sector is now under the spotlight.
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.
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