Australia’s population is growing at an “eye-watering” pace of 13,148 people per week, with immigration accounting for more than 80 per cent of the record increase. That’s sparked calls from a policy lobby group for radical reforms to “stabilise” the nation’s population to avoid a series of economic, environmental andContinue Reading
A jaw-dropping post in a private Facebook group for landlords has sparked fury from a prominent renter advocate, who says it exposes the true nature of Australian property investors. A member of the closed ‘Landlord’s (sic) Victoria’ group shared a post encouraging fellow investors to “be united” by colluding toContinue Reading
A pensioner who lives in a bus has been summonsed to court by a local council that claims he cannot live on his land because it is not a caravan park. Dan Reinhold has been battling poor health and like many Aussies caught up in the housing crisis, even ifContinue Reading
The opposition’s plans to ban foreign investors from purchasing existing properties would do little to solve Australia’s housing crisis, according to Labor frontbencher Bill Shorten. Opposition Leader Peter Dutton inflamed a political debate over the housing crisis after vowing to slash permanent migration numbers by 25 per cent and banContinue Reading
The government has gone all-in on its strategy to solve the crippling housing crisis, upping its bet on a long-term fix over short-term relief. Tuesday’s budget includes $6.2 billion of additional spending for new measures to boost housing supply via social housing investment, infrastructure improvement, and student accommodation. It addsContinue 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
The federal government will fund an additional 20,000 fee-free TAFE places in next week’s budget in an effort to boost a chronic shortage of tradies plaguing Australia’s construction sector. Labor will invest a total of $90.6m for an extra 15,000 free TAFE and VET places and 5000 pre-apprenticeships to increaseContinue Reading
Labor is “catastrophically failing” to meet the challenge of Australia’s worsening housing crisis, the Greens say, after a new government report revealed massive issues in the system. The National Housing Supply and Affordability Council has handed its inaugural State of the Housing System annual report to Housing Minister Julie CollinsContinue Reading
Labor’s ambitious target to build 1.2 million new homes over the next five years “will not be achieved”, according to a new government report that lays bare the reality of Australia’s housing crisis. The National Housing Supply and Affordability Council has handed its inaugural annual report to Housing Minister JulieContinue Reading
The latest numbers from an economic measure known as the ‘crane index’ show positive momentum in the residential construction sector, which offers a glimmer of hope for Australians being hammered by the housing crisis. Right now, the number of cranes in the sky on building sites across the country hasContinue Reading