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Families are spending almost half of their income just to pay for house loans, the highest since records began in 1996.
‘This is the largest ever federal supply of rental homes,’ the CEO said.
Foreign buyers largely target properties over the million dollar mark and do not compete directly with first home Aussie buyers.
The Labor government has directed the Future Fund to consider investments in housing, infrastructure, and green energy.
The concession will apply to contracts entered into from Oct. 21.
Spender also stated that Labor needs to demonstrate seriousness in dealing with the CFMEU by supporting a new construction regulator.
Dutton argued a readily available workforce, particularly early retirees wanting to return to work could fill the labour gap.
Victorian Premier Jacinta Allan has plans to build 50 high-density developments in some of Melbourne’s leafiest suburbs.
The BCA urges state and territory governments to revise zoning laws to unlock more land for housing in high-demand areas.
The reforms will end no-ground evictions and clarify lease termination terms while easing pet ownership in rentals.
ABS data says Queensland leads growth in first-home buyer loans.
Sydney and Brisbane added the largest number of million-dollar suburbs, while Melbourne stagnated.
A day after a Greens MP called for a counteroffer to tackle the housing crisis, Albanese expressed little interest in making amendments.
The Greens are waiting for Labor to make a counteroffer.
The funding for the Housing Australia Future Fund and National Housing Accord will support 13,700 new social and affordable homes nationwide.
Productivity in the industry has fallen 18 percent over the last decade owing to workforce shortages, according to a report by Master Builders Australia.
Housing and social services groups have warned about scapegoat immigrants for the current housing crisis in Australia.
Documents revealing Sydney’s plans to deal with its crippling housing shortage were leaked on Dec. 5 but pulled down shortly after.
This policy shift aims to increase housing options and combat the growing demand for affordable homes in the state.
