Capital cities' median house price falls
Australia saw a drop in the median house price of its capital cities during the first three months this year amid the market’s downturn, according to the latest figures from the Real Estate Institute of Australia (REIA). Weighted average fell by 0.1% at $770,086 for houses.
"Weak policy" to blame for housing shortage
A recently-published study claims “weak and/or inappropriate policy settings” – especially at the national level – are taking their toll on Australia’s housing affordability. In particularly, it called for a national strategic framework to address the country’s shortage of some 200,000 affordable dwellings.
Should Newcastle be placed under SEPP 70?
The Housing Industry Association (HIA) has voiced concern over proposals to include Newcastle in State Environment Planning Policy 70 (SEPP 70), a New South Wales law that allows councils to charge affordable housing contributions to property developers, or require them to provide a certain percentage of affordable housing in their projects.
