Commentary Being a truly independent statutory officeholder requires integrity and grit. Be it the Director of Public Prosecutions (DPP), a judge or the Reserve Bank of Australia (RBA) governor, you have to take your official duty with utmost seriousness. With the privilege of high office comes the countervailing obligation of responsibility. The temptation to give…
Australian New Housing Approvals Plummeted to Decade Low, Deepening Housing Crisis Concerns
New housing approvals across Australia continued to decline in April, plummeting to its lowest level in 11 years. The implications for housing supply deepen the concerns that the rental and affordability crisis would deteriorate further. The total number of dwellings approved nationally fell 8.1 percent in April to a seasonally adjusted 11,594, the lowest level…
New Housing Approvals Plummet to Decade Low, Deepening Australia’s Housing Crisis
New housing approvals across Australia continued to decline in April, plummeting to its lowest level in 11 years. The implications for housing supply deepen the concerns that the rental and affordability crisis would deteriorate further. The total number of dwellings approved nationally fell 8.1 percent in April to a seasonally adjusted 11,594, the lowest level…
Australian Housing, Services Can’t Support 130,000 New Zealand Migrant Surge, Says Think Tank
The current state of Australia’s infrastructure, housing, and services cannot support the surge of New Zealand migrants in the next four years, says the Melbourne-based think tank Institute of Public Affairs (IPA). New analysis by the IPA shows that around 130,000 additional New Zealanders are expected to move to Australia between 2023 and 2027. It…
Local Housing Squeeze Tightens Its Grip on Australians
The lines of tenants queuing outside rental properties on a weekend are only expected to get longer as pressures on Australia’s rental market intensify. Fresh data released this week pointed to a re-acceleration in rents as well as a stabilisation in home prices, a situation that St George economists have labelled a “double-whammy” for the…
Greens Accuse Government of Subverting Democratic Processes Over Move to Address Housing Crisis
January 1, 2023
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The Greens have said they will target the federal government’s National Housing Supply and Affordability Council after Housing Minister Julie Collins announced that the outgoing CEO of property developer Mirvac, Susan Lloyd-Hurwitz, will head up the interim body. Max-Chandler Mather, the Greens spokesperson for Housing and Homelessness, said the decision to appoint a property developer as…
Average Incomes Not Enough to Buy a Home
Property prices may have cooled off, but the average sole earner still can’t afford the repayments on a mid-priced house in every capital city, bar Perth. Canstar analysis shows the dream of home ownership is still well out of reach for people on average incomes as rising interest rates continue to erode borrowing power. To…
Rezoning Could Create 70,000 Homes in New South Wales
Up to 70,000 new homes could be built in Australia’s most populated state New South Wales (NSW) as new areas are rezoned, with the NSW premier saying he’s “throwing everything at getting more houses built” as the cost of living continues to bite. “Working with councils, rezoning is one important lever that we are pulling…
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