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Housing crisis

This Month

Mr Comyn said the serviceability buffer had increased financial stability at a business lunch in Sydney.

CBA’s Comyn backs APRA’s mortgage buffer rules amid intense criticism

The chief executive of the country’s biggest lender said critics – who say the regulations make loans unattainable – were looking for an easy but ineffective fix.

  • Updated
  • Michael Read and Lucas Baird
CBA chief executive Matt Comyn at the Trans-Tasman Business Circle lunch in Sydney on Tuesday.

Buffer or blocker? Why APRA’s serviceability rule is so controversial

CBA boss Matt Comyn has defended APRA’s prudential settings from political attacks, saying housing policy must focus on supply.

  • James Eyers

September

Moving on. Jose Pineda has been priced out of Kingsford.

Jose was priced out of his inner-city home. So were 16,000 others

KPMG data shows rising costs are squeezing out much-needed workers from Sydney and Melbourne’s most sought-after suburbs.

  • Campbell Kwan
Kos Samaras says Victorian Premier Jacinta Allan has made a smart move in more strongly connecting the Suburban Rail Loop to the government’s tackling of the housing crisis.

Rail loop is housing, not just infrastructure: Labor

Pollsters say the Victorian government’s more explicit linking of the Suburban Rail Loop to its tackling of the housing crisis is a savvy but overdue political move.

  • Gus McCubbing
The major driver of Australia’s rental shortage is not a surge in foreign students, but a sharp rise in households with spare rooms and home offices, experts say.

Blame WFH – not foreign students – for the housing shortage

The major driver of Australia’s rental shortage is not a surge in foreign students, but a sharp rise in households with spare rooms and home offices, experts say.

  • Michael Read
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New apartment volumes will nearly double, if conditions are right, Oxford Economics Australia says.

Apartments will boost housing numbers – if they’re viable

Conditions are improving and developers are dusting off plans and preparing new projects. But it’s not yet clear if they will all go ahead.

  • Michael Bleby
A construction worker in Sydney’s CBD. Developers have long complained that the cost of apartment projects has been rising sharply, something confirmed by the NSW Productivity Commission.

This is why a Sydney unit costs $240k more to build than in 2018

It now costs 36 per cent more to build an average apartment in Sydney than it did in 2018, the NSW Productivity Commission has found. Here are three reasons why.

  • Campbell Kwan
The NSW Productivity Commission says infrastructure projects in  the state need an extra 96,000 construction workers.

Angry about the lack of new home builds? Here’s what’s to blame

The state’s Productivity Commission has urged state and federal governments to stop spending so much money on public works to free up the construction industry.

  • Campbell Kwan
Planning Minister Paul Scully has faced down local councils, who have not all been receptive to changes.

NSW declares it is not done on reforms to ease housing shortage

The state has already made significant changes allowing more dense developments. Now it wants to cut out complicated and often conflicting approvals processes.

  • Campbell Kwan
Compare the pair: architects want to build more homes straight up, like Austin Maynard’s award-winning ParkLife apartment building in Brunswick (left), but councils often impose upper-level setbacks (seen on the right) to reduce visual bulk and shadowing. 

Lose ‘wedding cake’ look and build more flats: architects

Top architects including Nightingale boss Dan McKenna, Kerstin Thompson and Andrew Maynard say Victoria’s housing crisis means planning priorities must change.

  • Gus McCubbing
Only 28 per cent of AFR readers said they make their next vehicle purchase an EV.

‘More for a second-hand toothbrush’: Why EVs are on the nose

The most commonly held concerns about buying an electric vehicle related to upfront cost, charging facilities, and deterioration.

  • Gus McCubbing

August

Tom Trbojevic and his mother Melissa are among those suing a developer for allegedly breaching a contract to build them off-the-plan homes.

NRL superstar tackles developer over off-the-plan homes letdown

Tom Trbojevic, known as Tommy Turbo, said he was devastated that his parents were now priced out of their dream home because of a loophole in conveyancing laws.

  • Campbell Kwan
The Greens’ housing spokesman, Max Chandler-Mather, and Housing Minister Clare O’Neil.

How long it takes workers in common jobs to save for a home deposit

Housing Minister Clare O’Neil says the Greens and the Coalition are blocking crucial legislation federally, but the states could do more to ease the situation.

  • Updated
  • Tom McIlroy
Racing NSW boss Peter V’landys clashed with upper house MP Mark Latham at Friday’s hearing.

Plan for 25,000 homes on racecourse site a ‘fantasy’: inquiry

Peter V’landys and Mark Latham clashed in a fiery hearing as the Australian Turf Club blamed a “high Indian population” for declining Rosehill racecourse crowds.

  • Gus McCubbing

Deals in build-to-rent market ready for lift-off, says US giant

Build-to-rent housing is potentially a big contributor in efforts to plug the country’s chronic housing shortfall which has sent rents skyrocketing.

  • Nick Lenaghan
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The Greens’ housing spokesman, Max Chandler-Mather, and Housing Minister Clare O’Neil.

Greens prepared to be flexible on housing demands

The Greens say their demands to curb the CGT exemptions and negative gearing deductions are not a condition of their support for housing bills in the Senate

  • Phillip Coorey

July

Barrenjoey has made suggestions to help young Australians sustainably enter the housing market.

Trim mortgage ‘risk weights’ to help first home buyers: Barrenjoey

Barrenjoey called on APRA to allow banks to reduce mortgage “risk weightings” for first-time borrowers and for ASIC to drop HECS debt from responsible lending.

  • James Eyers
Axiom Construction’s general manager Claire Perham.

How building codes are crunching affordability

Energy efficiency demands and stringent accessibility rules are increasing the cost of building homes by tens of thousands of dollars.

  • James Hall
Housing inflation is proving particularly tough to tame, as landlords pass on rising mortgage rates to tenants and working from home adds to housing demand.

Remote work fuelling higher housing costs: BIS

Housing inflation is proving particularly tough to tame, as landlords pass on rising mortgage rates to tenants and working from home adds to demand.

  • Michael Read
High interest rates and construction costs are choking off the supply of new housing.

High costs choke supply of new homes: property experts

The cost of construction in capital cities has risen at a faster clip than house price growth, making it less economical to build new dwellings.

  • Nick Lenaghan

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