Direction of Housing?

[SirRumpole]

Add to that the Oal Towers and Mascot Towers fiasco and there is little wonder the appetite for apartments has fallen away IMO.

What are Australia's other defective towers aside from Sydney's Opal Tower?

Often the subject of quietly buried legal settlements, building defects claims are not transparent. Maybe Opal Tower will change things.

www.afr.com

I'd like to believe that a deregulated environment can achieve better results than the cold hand of government but I just don't see it happening in a lot of situations.

 

[mullokintyre]

Housing/unit approvals have ticked upwards for the past two Months.
Mind you, they still lower than they were at the end of 2010.
been a significant rise in population over those 14 years.
The real problem seems to be in NSW, where dwelling approvals fell 14% for the Month
This was after they fell 11% the previous month.
Must be something unusual happening in NSW.
Mick

 

[mullokintyre]

Politicians, political commentators, social science experts, unions etc can all talk the talk about improving Australian housing supply.
The problem is, in every instance, the data completely destroys their arguments.
The idea that many migrants o OZ can work in the building of houses has been shown to be another talking point destroyed by the stats.
Mick

 

[mullokintyre]

As has been pointed out by a few posters, Property Investors are fleeing the Victoria market.
From ABC News

Those investors who fled Victoria have moved to other states, judging by the cart below from Macro Business.
Perhaps the other states need to take a leaf out of Victoria's books and make it less attractive to investors to buy property.
Won't be good for those wanting to rent, but it might push them from renters to owners.
Mick