Australia got in first with restrictions on foreign investors in housing, but Jacinda Arden’s new government plans to go further.
Concerns about foreign investors driving up housing prices have been growing. Australia was first to bar foreign purchases of existing residential property, but New Zealand is set to go further.
Vacant and unlit ‘ghost’ apartments are a source of public outrage in major cities around the world.
A tax on empty homes will make a modest difference to housing affordability. The sheer wastefulness of our housing system calls for something much more ambitious.
Interest rate adjustments are crude and fail to target the problems within the housing market.
A variable special rate on new residential housing developments in selected centres could be used to create a local incentive to supply more affordable dwellings at higher density.
The vast majority of cranes are used to build apartments.
AAP Image/Paul Miller
About 84% of cranes in Australia are used on residential sites, with commercial projects making up 5% of crane activity. Health, education, infrastructure and recreation projects make up the rest.
Without better regulation, renting will still be insecure and unaffordable.
Crime is declining, but people are getting more and more defensive about their homes.
High-rise living is no longer synonymous with crime and deprivation.
Bringing together buyers and sellers of apartments could result in better apartment pricing and design.
Lessons from the sharing economy could provide a housing solution for both buyers and sellers.
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Changes to Australia’s foreign investment regime are supposed to strengthen protections in the residential market.
Changes to our foreign investment regime are more tinkering around the edges than true reform.