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.
If the stars align, consumers will benefit from increased economic activity in the short term. And if they don’t, then the economic recovery will have consumers saving more in uncertain times.
Do affordable housing projects drive down property values? Does neighbours’ quality of life suffer? Case studies in Brisbane and Sydney suggest such fears aren’t justified.
Landlords and property agents often apply ‘no pets’ rules even though many households see them as part of the family. Their difficulty in finding rental housing then becomes a source of great stress.
We are hearing dire warnings from property interests fighting against changes to negative gearing. But what if Labor’s proposed changes actually support demand for the flood of new properties?
The default position for politicians is to sound concerned about housing affordability, but do nothing. This can be explained by the idea of ‘policy capture’, in this case by industry interests.
There’s no accurate data on foreign investment in Australian real estate, but what we do have suggests it’s only partly to blame for rising house prices.
New research released today shows that changes to NSW strata law that allow the sale of apartments against the owner’s wishes likely won’t improve housing affordability or availability.