News
A plunge in demand for new units and apartment projects in February has lowered SA’s building approvals, despite a record number of grant-fuelled approvals for detached homes.
Local
South Australia is “slipping behind” other states on reducing homelessness, with a goal to end rough sleeping in the city unlikely to be achieved by the end of this year unless the private rental sector steps up, the former head of the Adelaide Zero Project says.
Get InDaily in your inbox. Daily. The best local news sent straight to your inbox every workday at lunchtime.
Thanks for signing up to the InDaily newsletter.
The majority of new residential developments in the city have failed to meet a State Government requirement to include at least some affordable housing – with those that did meet the target selling the housing to investors rather than to low-income buyers.
A sluggish housing market and a construction slowdown are hitting the state budget bottom line, with plummeting conveyance duty revenues contributing to a softer surplus in Treasurer Rob Lucas’s mid-year statement, unveiled today.
The building industry wants a raft of reforms to arrest the sharp decline of South Australia’s housing market – and that means measures like compulsory rainwater tanks need to be reconsidered, argues Ian Markos.
With South Australian renters continuing to grapple with high utility costs, a good move would be to reverse a legislative change which hit tenants with water supply charges, writes Ross Womersley.
Mortgage applications were down nearly one per cent in the June quarter – another sign the housing market is beginning to cool.
