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Housing crisis

Yesterday

Michele Adair, managing director of Housing Trust.

‘Frustration, desperation, fear’ over delays in $10b housing fund

The strength of the federal government’s Housing Australia Future Fund is also its greatest weakness. Developers say it needs to change.

This Month

NSW Premier Chris Minns, with Treasurer Daniel Mookhey and Housing Minister Rose Jackson

NSW budget boosts build-to-rent housing and developer infrastructure

Treasurer Daniel Mookhey has suggested Tuesday’s NSW budget will boost housing. Here are two measures to start.

Mortgage brokers have been increasingly successful in a competitive market, as the number of applications falls on higher interest rates.

NIMBYism and construction costs are why you can’t own a home

The enabling of new planned cities and exurbs with greater density and outstanding amenities may be the best of the worst alternatives.

Housing Minister Clare O’Neil on Friday.

O’Neil declares war on red tape to fix housing crisis

The housing minister says over-regulation is hampering construction, with average build times blowing out to 10 months for a house and 28 months for an apartment.

New ABS data reveals overall dwelling approvals have dropped 5.7% in April. Under this government, housing construction is getting worse, not better.

Three reasons why Labor’s housing policy won’t revive the Australian dream

Labor faces two key tests: Can it build new houses? And can it facilitate more Australians to become first-home owners?

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Rising financing costs haven’t helped out housing supply problem.

This chart shows bank rules are making the housing crisis worse

Lending by banks to property development has plunged since 2008, exacerbating pressure on housing supply. Is it time for a rethink of the banking sector’s regulatory settings?

May

The Coalition’s new housing and homelessness spokesperson Andrew Bragg.

‘People don’t want state-owned homes’: Coalition overhauls its housing policies

The new opposition spokesman on housing says the Coalition’s home buying policies are up for review, and vows to oppose Labor’s ‘crazy’ schemes.

Macquarie Park is home to a number of data centres, which use significant amounts of water a day to keep cool.

Sydney data centre ban ‘risks driving investment offshore’

The decision to prohibit new data centres at Macquarie Park is the latest flashpoint as governments and regulators try to manage the sector’s runaway growth.

Property investor Cate Bakos said Victoria had “delivered a very nasty cocktail of disincentives” for investors.

Victoria warned to fix ‘punitive’ taxes or face worse housing problems

Treasurer Jaclyn Symes confirmed she has been consulting industry about reforms to lift housing supply, and proposed tax setting changes “are on the table”. 

NSW Premier Chris Minns, seen in an in-camera multiple exposure image at the Inner West Council Works Depot, has previously conceded NSW will miss its housing targets.

The slowest development approver in NSW will probably surprise you

The state is behind on housing, as nearly half of councils are set to approve less than 50 per cent of the homes required, including Chris Minns’ backyard.

Tim Gurner in the rooftop bar of his latest build-to-rent development Madison Grand, set to open on Monday.

Gurner warns tenants of 15-year rental crisis ahead

Property developer and Rich Lister Tim Gurner says the nation’s rental crisis could last 15 years because of a lack of supply. 

April

The rate of price growth is already slowing, even in the strongest markets.

We heard from the politicians; now economists offer their housing fix

Economists and analysts polled in The Australian Financial Review’s latest quarterly property survey put forth an array of suggestions on the hot button issue.

In the community there is a lack of confidence on how we will respond to a much more uncertain global outlook and the 2nd Trump presidency.

The five big challenges regardless of the election result

Our next parliament must be ambitious. That doesn’t mean ideology or utopianism – it means pragmatism, evidence, and commitment to the national interest, even when it’s politically inconvenient.

Millennials and Gen Z voters priced out of the housing market will shake up the electoral map.

How the housing crisis is putting even the safest seats at risk

Pollsters have sounded the alarm about the disruptive potential of Millennial and Gen Z voters who are priced out of their own home and do not trust the major parties.

Peter Dutton and Anthony Albanese are duelling to help first home buyers but their policies won’t fix the supply problem.

Australia’s housing crisis is about NIMBYs not negative gearing

Housing has been getting less affordable for a generation or so because of increasingly burdensome restrictions on what sort of dwellings can be built where people want to live.

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Pointing to the problem: Australia doesn’t have enough homes. And the pace of building slowed in the December quarter.

Home building just got slower

In the week that political parties are offering to stoke demand, new figures show the sector started building 4 per cent fewer homes in the December quarter.

Numerous inquiries, reviews and academic studies have attempted to explain Australia’s decline in housing affordability.

Why working hard no longer buys you a home in Australia

We need to end the federalism disconnect and enable states to strip away their own government-imposed costs on new housing.

The short-term fixes on housing from both major parties are a band-aid on a broken system

The housing crisis isn’t about buyers, it’s about broken supply

Without serious reforms, we risk cementing a future where younger Australians are trapped in a cycle of inflated prices and growing debt.

Anglicare North Coast CEO Mark McNamara on Wednesday.

Housing tenders run aground on election rocks

Partisan political housing arguments and slow implementation put at risk Australia’s first major effort in years to boost social and affordable housing.

March

he industry hoped, mistakenly, that the budget would redouble efforts and fire up supply.

Has Albanese given up on the housing crisis?

Yes, much of the problem is out of everyone’s hands. Even so, there’s a paucity of policy in the latest budget to help get Australians into the market.

Original URL: https://www.afr.com/topic/housing-crisis-6g88