Posts tagged "housing"

Australia's construction sector will have the capacity to build one million new homes over five years, Housing Minister Julie Collins says, as builders question whether the industry has enough workers to carry out the ambitious plan.

Nearly all economists and most politicians seem to agree stamp duty is a bad tax. But nearly all state and territory governments rely on it to keep the lights on.

In recent years, housing became more expensive at a faster rate than essentially everything else. Is there more room for prices to drop?

With the cost of seemingly everything rising, why are house prices falling? And who will be hit hardest?

Hardship continues for Australia's largest home-builder Metricon, which is set to reduce its 2500-strong headcount as the sector is buffeted by economic headwinds.

The federal government should keep the Australian Building and Construction Commission in place and compensate building contractors for projects which skyrocket in price, construction industry organisations say.

The cost of housing, fuel, and furnishings all drove inflationary pressures, the Australian Bureau of Statistics says.

The construction industry is weighing the need to combat inflation against the likelihood rising interest rates will deter new home buyers.

Housing giant Metricon has denied experiencing solvency issues, amid media reports that company leaders are meeting with creditors.

Prime Minister Scott Morrison said his government, if re-elected, would let first home-buyers withdraw up to 40% of their super.

The parliamentary inquiry commissioned by the treasurer in July is called an inquiry into affordability and supply, but the word “affordability” appears in none of its three terms of reference.

There are several much-better ways to revive the great Australian dream for young Australians.