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Business
Homeowners hold on tight in high value suburbs
Leafy inner southern suburbs and coastal hotspots such as Glenelg proved the most tightly held by homeowners during Adelaide’s 2021 real estate boom.
Business
Leafy inner southern suburbs and coastal hotspots such as Glenelg proved the most tightly held by homeowners during Adelaide’s 2021 real estate boom.
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News
Building approvals in South Australia fell in September on a year-on-year basis for the first time since the pandemic struck, but the industry is still tracking well ahead of pre-COVID levels.
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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.
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.
