Home-building is picking up speed on the back of lower borrowing costs and planning changes, but much-needed new housing will do little to dent Australia’s largely unaffordable pricing – and may even inflate values more.
After a dip in the December quarter, new housing starts jumped nearly 12 per cent in March to a quarterly clip of 47,650 homes, the most in three years.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Based in Melbourne, Michael is on Bluesky @michaelbleby.bsky.social. Email Michael at mbleby@afr.com
