The construction sector works on a bit of a time lag. So there are a bunch of projects underway that were premised on the loose credit of recent years.
The clichés about housing supply and regulatory restraints are distractions from the need to focus on expanding the affordable housing sector to directly meet the needs of low-income households.
Statements from the RBA show it's little wonder markets are not predicting a rate increase this year.
Zoning restrictions added A$489,000 to the price of a detached house in Sydney, A$324,000 in Melbourne, A$159,000 in Brisbane, and A$206,000 in Perth.
Millions of older Australians live in houses that don't safely meet their needs, but they're not ready for a nursing home. Lack of suitable housing and the moving costs leave them with nowhere to go.
Theresa May blames councils and developers for the housing crisis – but it's a lack of leadership that's the problem.
Increasingly insecure pathways to home ownership are not just a problem for property markets. The fallout is likely to hit retirement incomes, the welfare base, gender equity and the broader economy.
Australian governments are faced with a choice: make the difficult decisions to fix planning systems so more houses can be built, or tap the brakes on Australia's migrant intake.
This is how the working-class traders of Chrisp Street Market stood up to property developers – and won.
By the end of this century the world's population will have increased by half, creating a housing problem that needs to be solved now.
While new buildings may be the glamorous eco-home pinups, retrofitting existing homes is the main game when it comes to creating energy-efficient, comfortable housing stock for all Australians.
Decent housing underpins the Closing the Gap goals, with a decade-long national remote housing program having made measurable progress. If the Commonwealth pulls out now, hard-won gains could be lost.
A new report by the Institute for Fiscal Studies shows home ownership rates have collapsed: today, just one in four middle-income millennials will own their own home.
It's the housing sector that could do most for winter health.
The Victorian government isn't alone in seeking private partners to renew public housing. What is notable is its lack of transparency by comparison with such arrangements elsewhere.
Developers will now be responsible for dealing with noise issues from nearby music venues – but it will take real community activism to prevent closures.
There is a risk that affordable housing policy may be colonised by for-profit interests if Australia imports the wrong rental housing ideas from overseas.
The odds are that we get through 2018 without war, mass capital flight, or a housing crash. But all the risks are medium probability, and the consequences could be dire.
Mass production with a touch of customisation could be the best future for affordable homes.
City residents all around the world are getting together to create housing tailored to their needs and budgets, instead of being developed for maximum profit.