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.
Housing construction is expected to ramp up this year but labour shortages, builder insolvencies and higher global inflation pose headwinds.
Investors might start looking outside of the property market where most of Australia's wealth is held, as returns for another sector outstrip housing.
The short answer: yes, according to renowned expert David Bowman, a Professor of Pyrogeography and Fire Science at the University of Tasmania.
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.
Kickbacks, compliance, emerging risk and their impact on conveyancers’ profits have made it into the list of the most popular stories on the Australian Conveyancer website.
Community housing advocates have praised fast-tracked funding to build an extra 5000 social homes to urgently address Australia's shortfall.
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