As the housing markets in Australia’s major cities keep changing and growing, it’s crucial to realize that the homes constructed in the past may not match the needs of future homes. As we’ve often said, our changing demographics will drive the shape of our housing markets and these long-term influences will be more important than…
Building a house in Australia home can be an exciting experience, but it is important to be aware of the many unexpected hidden costs of when building a house in Australia that can add up throughout the construction process. From the building design to council approval, the build itself to the fixtures and fittings, the…
Construction is a $ 360 billion dollar industry in Australia. It’s what builds the homes we live in, the offices we work in, and the hospitals, schools and critical infrastructure that bind communities together. However, it has an Achilles heel: insolvency. According to data from the Australian Securities and Investments Commission (ASIC), 2,170 construction businesses…
With Australia’s population growing rapidly, it makes sense to aim to increase housing supply. However, the government’s plan to build 1.2 million new homes in the next 5 years really doesn’t sound realistic. Here are unfortunately many reasons why housing supply just won’t keep up with population growth in the near future. Let’s look at…
Renters have very few rental options, and buyers are struggling with high prices, which is a problem that has been ongoing for at least thirty years. To fix these issues in a sustainable way, we need to build more homes over the long term. Governments across Australia are starting to realize this need. In August,…
The dreaded “Not In My Backyard” reaction of homeowners who have the temerity to object to neighbourhood changes they never voted for (or were even asked about) is reaching plague proportions if you believe what some urban designers and planners are saying. This scourge of the NIMBY is threatening the progressive development of cities, they’ll…
A property’s value is typically divided into two components: the land value and the value of any improvements, such as the dwelling. Conventionally, land tends to appreciate over time, while buildings depreciate as they get older and suffer more wear and tear. However, the rise in construction costs poses an interesting question: what impact do…
As Australia’s housing affordability crisis worsens, governments are spending more on housing. Victoria’s Andrews government has announced a suite of reforms (such as boosting social housing and making planning processes faster) in an effort to get 800,000 extra homes in Victoria over the next decade. Federally, the Albanese government’s A$10 billion Housing Australia Future Fund,…
How much do Australians love to renovate their homes? Well, according to Compare Market Australia’s latest research, Australia had the third-highest search volume for renovation terms, with an overall search term volume of 55.32 searches per month per 100,000 people. Additionally, Australia topped the list for bedroom and laundry renovation queries. Ahead of Australia were…
As a property developer, I choose the suburbs where I undertake developments very carefully. By the way, those planning to undertake a development to sell at a profit should look for very different criteria than those planning to hold the completed development as a long-term investment. Let’s look at a few of these… Local Due Diligence…
