Booming prices for coastal properties are a mark of our reluctance to reckon with the climate change that is already upon us. We must start to properly account for and act on climate risk.
“Mortgage approved”: an increasingly unlikely outcome in the current environment.
Fabio Balbi / Shutterstock
Grants to home buyers could cost the federal government billions without creating any extra jobs in construction. Investing in social housing is a better approach.
Research shows public playgrounds don’t have the negative effect on property prices that some residents apparently fear.
Romrodphoto/Shutterstock
A particular brand of climate denial among coastal property owners presents a conundrum for councils and governments trying to plan for sea-level rise.
In Victoria, the Andrews government’s level crossing removal project has lifted property prices by up to 28% around sites where work has been completed.
Tracey Nearmy/AAP
Value capture depends on infrastructure increasing the value of affected areas in the first place. Victoria’s level crossing removal project shows the impact on property values can be significant.
Interest rate cuts often lead to a boost in construction jobs as developers anticipate better conditions for selling properties.
Stefan Postles/AAP
Record low interest rates will almost certainly drive up property prices. But they will also drive down unemployment and boost investment generally.
The costs of keeping a roof over our heads create a dependence on market growth that puts low-consumption, sustainable living out of reach for many of us.
Glenn Hunt/AAP
The cost of land and, in turn, housing forces people to buy into the rules of market capitalism, making it very hard to ‘downshift’ from consumer lifestyles. But what if we rethink public housing?
You can’t build housing without land, and developers typically control the rate of which it’s released to stop prices falling.
Lukas Coch/AAP
The thing about new housing is you need land to build it on. Developers are able to control its release at a rate that doesn’t put downward pressure on prices.
If you want to separate investor demand for property assets from demand for affordable housing, rent is a better indicator than property prices.
James Ross/AAP
Property prices have soared in the past decade, but much more modest increases in rent, with the exception of Sydney, suggest less of an imbalance of supply and demand for housing as a place to live.
Being a property investor or house hunter appears to make Sydneysiders more supportive of foreign investment in residential real estate.
Tracey Nearmy/AAP
You’d perhaps expect property investors not to mind foreign investors who might push up prices. More surprisingly, house hunters are also more supportive than those who are not looking to buy.
Vacant and unlit ‘ghost’ apartments are a source of public outrage in major cities around the world.
leniners/flickr
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.
Most Sydneysiders are concerned about the effects of foreign investment on the local real estate market.
Dave Hunt/AAP
Only 18% of Sydneysiders think foreign investors should be able to buy property. They simply don’t accept arguments that this investment improves housing affordability by increasing supply.
Tackling housing affordability will be a priority for the Federal Government in the 2017 budget.
Dan Himbrechts/AAP
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.
Consumers are faced with more economic uncertainty than the bottoming out of interest rates would otherwise suggest.
AAP/Sam Mooy
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.