Latest news: Housing Crisis

Another quarter, another national house price record broken - but the median price for other dwellings in the ACT, such as flats, has declined.

Housing affordability continued to decline in the December quarter of 2021, with the proportion of income required to meet loan repayments now reaching 37 per cent, according to the Real Estate Institute of Australia’s (REIA) latest Housing Affordability Report.

A major supply crunch is on the horizon for Australia’s housing market, with the latest National Housing and Finance Investment Corporation (NHFIC) report predicting dire dwelling shortages.

The ACT government makes a fortune from its stamp duty tax on the sale of properties so must delight in the high prices being paid by families desperate to own their own home.

Chronic underinvestment in housing has seen national homelessness levels skyrocket, and the next Federal Budget needs 25,000 social dwellings.

Mark Parton, has called on the ACT Government to urgently commit to review their public housing strategy to address the housing crisis.

The ACT Council of Social Service (ACTCOSS) and ACT Shelter have today welcomed a motion by Shadow Minister for Housing, Mark Parton MLA, calling for an urgent review of the ACT Government’s Housing Strategy and for more support to enable Community Housing Providers to deliver additional social housing.

In this opinion piece, Liberal Senator for the ACT, Senator Zed Seselja, argues it is the ACT Labor-Greens Government's deliberate squeeze on land supply that is at the core of the ACT housing crisis.

ACT renters should not be surprised in the slightest – Canberra is still the most expensive capital city to rent in the country.

Canberra Daily’s January 2021 highlights include Canberra hosting a Hollywood film crew, Manuka Oval rescuing the Big Bash, free Australia Day concert tickets for frontline workers, and more.

New, affordable housing will be built at Denman Prospect as part of their build-to-rent scheme, and will be called The Borough.

Canberra Liberals MLA for Ginninderra, Peter Cain, writes that the ACT Government should take action on rising house prices via land release.

Scott Morrison has warned interest rates could rise higher than necessary if the economic recovery is not managed properly.

The Vital Signs report, published this week by Hands Across Canberra and the Snow Foundation, provides a snapshot of Canberra focused on Health, Education and Employment, Housing, and Belonging.