A viral video has ignited a fierce debate about which generation is facing the greatest hardships – but not everyone agrees with the answer. Media personality and businessman Russel Howcroft spoke on the divisive issue while appearing as a guest panellist on the ABC’s Gruen Transfer program. “It’s the hardestContinue Reading
Australians overwhelmingly support a crackdown on Chinese investors buying real estate amid growing concerns over housing affordability, a new survey has found. Eighty-three per cent of Australians believe the government “should restrict the amount of investment in residential real estate that is permitted from Chinese investors”, according to the pollContinue Reading
Aussies over 67 are being urged to rent out their homes and retire overseas in a radical housing proposition floated by property sector market researchers. Suburbtrends says “rentirement” is a viable solution to the nation’s current housing shortage, which would activate over 100,000 rentals. Rentirement encourages Australians aged 67 toContinue Reading
Despite building and selling-out 17 designer apartment complexes, with more than a dozen other major projects on the way, developer Nightingale hasn’t made a single red cent. And Dan McKenna, the organisation’s chief executive, thinks the unconventional model could help address Australia’s crippling housing crisis. “In a nutshell, we’re aContinue Reading
The Greens say migration should not be blamed for the crisis gripping the country, despite the Reserve Bank governor saying it was putting pressure on the housing market. Michele Bullock on Tuesday said new migrants had “added to demand” and “pressure” in the housing market, but at the same timeContinue Reading
New home starts have plunged to the lowest level in more than a decade, as constrained conditions in the building industry and elevated interest rates crunch the construction of new housing. Work commenced on just 163,836 new homes during 2023, down 6.4 per cent on the year prior, the AustralianContinue Reading
A disgruntled renter in Perth has called out property investors who are buying up homes and increasing rents in the capital city. Taking to social media, the frustrated local shared they were continuously shocked their rent had increased by more than 50 per cent over the past year-and-a-half from $350Continue Reading
Greens spokesman on housing and homelessness Max Chandler-Mather has labelled Australia’s disparity in home ownership “deeply unfair”. On Monday evening, ABC’s QandA panellists were questioned on whether it was fair that some members of Australian society owned multiple homes while others did not have a bed to sleep in. TheContinue Reading
Dick Smith has blasted Australia’s latest record immigration figures for January as a “disaster for families”, as the federal government faces growing calls to reduce the number of new arrivals to ease pressure on the housing market. Speaking to The Daily Telegraph, the legendary Aussie businessman slammed the latest figuresContinue Reading
NIMBY mayors in Sydney are “fear mongering” over plans to unlock thousands of new homes as they’re more worried about their own positions, the NSW housing minister says. Rose Jackson said some mayors were prioritising re-election at upcoming council polls ahead of solutions to the city’s housing crisis by “playingContinue Reading