More houses are under construction than ever before, but completions haven’t grown. Instead, building is taking longer.
Current housing stimulus measures aim to boost buyer demand and are too small to sustain a recovery. A second round of stimulus is likely to be needed, and it should go into social housing supply.
It’s not easy to choose between the costly hassle of renovating and the expensive upheaval of selling up, and buying a new property.
There has never been a better time for public money to go into improving the performance of Australian housing. We could have cut household bills and emissions, as well as saving construction jobs.
It’ll have to fund tens of thousands of homes that were going to be built anyway before it creates a single extra house.
Months after Typhoon Washi tore through the Philippines in 2011, relocated residents were moving into newly built housing. They soon began modifying and extending homes that didn’t meet their needs.
Builders compete for customers by touting the features of their homes. Some builders promote ‘six-star’ home energy ratings in ways that could mislead consumers and breach Australian Consumer Law.
Creating a simple, sustainable home isn’t as easy as it sounds. But with some planning and hard work, it can be an exciting and fulfilling journey.
Weather-related catastrophic events have cost Canadians more than $17 billion in the past decade. That only stands to grow, unless building codes change to make homes more resilient.