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Housing Construction Industry

These houses in Sydney have sat empty for decades, but there's 'very little' council can do about it

With official estimates putting the number of vacant and derelict homes above 100,000 across Australia, local governments and property lawyers argue they could be part of the solution to Australia's apparent housing shortage.
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Derelict terrace houses covered in graffiti.

analysis:'Build more houses' sure sounds great as a solution to the housing crisis, but a few key factors scream 'buyer beware'

This seems as good a time as any to evaluate the reliability of what politicians tell us about the housing crisis — and how they're going to make things better.
Anthony Albanese looks across the table at Peter Dutton during Question Time.

Cindy was supposed to be living in a new home by now. Instead she's facing bankruptcy

Cindy Richardson signed up with Perth builder Nicheliving more than three years ago. She's now overwhelmed with bills and hoping to access her super to stay afloat.
Cindy Richardson stands in front of her incomplete home in the Nicheliving Tapping development

Here are the inner city and outer suburbs to get hundreds of new affordable homes

The NSW government has flagged North Eveleigh, Camperdown, Kellyville and Camden as the first of 44 sites designated for hundreds of social and affordable houses.
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A vacant lot on a suburban road.

Concerns over 'shocking projects' sees NSW construction watchdog expand beyond Sydney

With more than 4,000 active construction sites, the Illawarra will become home of the NSW Construction Authority's newest compliance team.
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Six people standing in highvos outside a building site.

Soon after Shane bought his newly built apartment, he started noticing issues

The ACT government will implement a developer licensing scheme after laws are passed by the Legislative Assembly. It's hoped it will better protect buyers.
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Glass is badly shattered in the window and it's hard to see through it to the outside.

Perth property prices tipped to soar, as cost of materials puts brakes on new builds

Property prices in Perth have reached record highs in recent months and are expected to rise even further in the coming year, with a prediction they will increase between 8 and 11 per cent.
A strangely shaped bridge across a river.

Cashed-up foreign buyers are buying more Australian property, but it's just a fraction of the market

After a downturn during the pandemic, foreign buyers are back. Most are coming from China, Hong Kong and India, with the value of transactions hitting almost $5 billion over the past financial year.
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a man with short black hair and glasses wears a black suit jacket and leans on a new kitchen island table

Vital history or political tool? How local heritage battles are affecting the housing crisis

A two-hour commute from the Sydney CBD, Wollondilly Shire seems an unlikely place for a battle between new housing and heritage laws. But a plan to protect a local landmark is causing division.
image of placard reading "think of the five sarrive alive" with post office in background

Home owners selling up and making hundreds of thousands of dollars

Australian property resales reached their highest rate of profitability since July 2010 in the first quarter of the year, according to a new report from CoreLogic.
a house for sale in the brisbane suburb of stafford with the sale sign in the front yard

How 'crazy' is Perth's housing market? Ask Craig Townsend, who just lost out on a home literally at the last minute

If you want to get a sense of the "insane" nature of Perth's property market right now and the breakneck speed at which homes are selling, look no further than Craig Townsend's experiences last week.
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Craig Townsend 2024-06-21 08:06:00

As it happened: Foreign buyers purchase $5b worth of residential property, ASX closes higher

The Australian share market closed higher on Friday, despite losses on Wall Street that saw chipmaker Nvidia lose its title as the world's most valuable company to Microsoft. And more foreign buyers are buying up Australian residential property according to new ATO data. Follow live.
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Aerial shot of dozens of houses in neat rows in a new outer-suburban housing estate.

The government wants 1.2 million homes built in five years. Is it possible?

1.2 million homes in five years – that's the ambitious target federal, state and territory governments have agreed on.
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ABC News Current
Duration: 6 minutes 35 seconds

On the brink of flourishing or 'graveyard of dreams'? How Gosford is emerging as Sydney's satellite city

Gosford's skyline is filled with cranes and rising buildings. But is the city ready for forecast exponential growth as the construction industry struggles to keep up with demand?
A tower apartment complex getting built.

Housing industry warns of 'valley of death' as SA Water cuts approvals for new homes

A leading industry group warns SA Water's inability to provide approvals and connections will compound the housing supply woes South Australia is experiencing.
Houses and construction material on the ground viewed through ripped packaging

Home builders face increased costs and waiting times due to looming hardwood timber shortage, industry says

Those looking to build a new home in a state "bursting at the seams" could face higher costs and longer completion times due to a looming shortage of hardwood.
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A timber frame of a house under construction.

Still no end in sight for Nicheliving customers as minister seeks explanation

WA's Minister for Commerce, Sue Ellery, has met with the management of troubled home builder Nicheliving, and says long-awaited homes are likely still four to six months away.
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shell of brick home with no roof, doors, or windows and rubbish strewn across front

'A race to the bottom': People are turning to co-living to beat the rental market, but some say it's a slippery slope

With growing demand for share houses, some say co-living could be the alternative — but others say it's just a marketing ploy.
Co-living by Gallery Group house from their web page.

Why a Sydney landlord is attempting to block a Brisbane housing and retail development

Asset group Dexus is appealing the Brisbane council's approval of a 15-storey precinct with apartments and shops in order to protect its own profits, a major developer claims.
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A drone shot of a

It's been four years since this Victorian family's builder fled the country. Their home is still not finished

Multiple families say their dealings with the Victorian Managed Insurance Authority have been worse than the collapse of their builder. 
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Siddarth stands behind Chetna with his hand on her shoulder as they both look out the window of their partially built apartment.

The Victorian government has proposed new housing targets for local councils. These are the suburbs expected to boom

The state government said Victoria has the largest annual population growth of all Australian states, and it needs more than two million additional homes by the 2050s. Here are the suburbs it's proposing to grow. 
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An aerial view of houses in Melbourne.

Housing crisis is separating families, and experts warn little can be done in the short term

After a divorce, single mum Fran saved for 13 years to buy a home on Sydney's Northern Beaches, now she's worried her children will never get the chance.
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a woman in a wetsuit holds up a surfboard in water

Minister to hold crisis talks with troubled Perth home builder Nicheliving over 'soul crushing' delays

Concerns about long delays by construction company Nicheliving have reached the Western Australian Parliament as desperate customers describe facing homelessness and living in campervans while they wait for builds to be complete.
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Cindy Richardson's incomplete house in Tapping, with scaffolding, no walls on upper storey

Housing is 'impossibly unaffordable' in Sydney, Melbourne and Adelaide, and 'severely unaffordable' elsewhere

A study ranking nearly 100 cities in eight countries places Sydney, Melbourne, Brisbane, Adelaide and Perth among the world's least affordable cities to buy a home.
Aerial shot of dozens of houses in neat rows in a new outer-suburban housing estate.

'Massive cost blowouts': Queensland opposition to ditch pumped hydro project if elected

David Crisafulli says the LNP will not proceed with a proposed pumped hydro project in north Queensland, labelling it "unachievable" and a "thought bubble".
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Signs on a fence opposing the pumped hydro plans