The Australian housing sector is calling on political parties to make home-ownership a priority in their agenda if they win the upcoming federal election in May. The Housing Industry Association (HIA), a peak body representing members working in the residential building industry across Australia, said its research suggested that three in four Australians believed people…
Australian Political Parties Asked to Prioritise Housing at the May Federal Election
Australian Housing Approvals Plunged Over a Quarter During Omicron Outbreak
Homebuilding approvals across Australia plummeted in January 2022 due to a higher level of absenteeism and a slower administration process caused by the adverse effects of the COVID-19 Omicron variant. More specifically, both private sector houses and the more unstable “other dwellings” category witnessed a sharp fall in the number of approvals in January. According…
Australian Construction Activity Across Summer Suppressed by Omicron
February 2, 2022
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AustraliaAustralian Bureau of Statisticsaustralian housingAustralian Industry GroupReserve Bank of AustraliaWorld
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The disruptions from Omicron caused a contraction in the construction industry during the summer holidays, reversing the November recovery, according to the Australian Performance of Construction Index. The index fell 11.1 points to 45.9 in December and January, where readings below 50 indicate a contraction in activity, with lower results meaning a faster contraction. The…
Australia Experiencing a Housing Crisis, Needs Social Housing Fund: Think Tank
November 29, 2021
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Affordable HousingAustraliaaustralian housingaustralian property marketaustralian rental marketmichael sukkarsocial housingWorld
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The Grattan Institute has said in their latest report that Australia is experiencing a housing crisis, where citizens are now spending a greater proportion of their income on housing than in the past. The think tank called on the federal government to create a Social Housing Future Fund to finance new social housing stock, which…
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