Tag: housing

What a housing downturn would look like in your city | Get a grip, people, mini hit to house pric…

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What a housing downturn would look like in your city

Cotality has crunched the numbers to see how far house prices may fall in different scenarios. (ABC News: Fletcher Yeung)

Double-digit declines in home values would make little dent in the gains accumulated across mid-sized housing markets during Australia's five-year housing boom, according to new analysis from property data firm Cotality.

The modelling illustrates how market pullbacks could impact capital city prices across four downturn scenarios: 5 per cent, 10 per cent, 15 per cent and 20 per cent.

Years of subdued growth have left Melbourne with a relatively thin buffer if prices were to fall, with dwelling values peaking at $840,000 in November 2025.

"A decline beyond 10 per cent in Melbourne would return values to pre-pandemic levels," Cotality head of research Gerard Burg said.

This housing correction is on track to break records

With Australia staring down a record property downturn and hidden bank hybrid risks emerging, staying super liquid is the ultimate defence against the coming storm.

Risk is everywhere you look. Long-term interest rates seem to be grinding inexorably higher: in the past month, the US 10-year Treasury yield has marched towards 5 per cent while Australia’s 10-year yield has pushed through that threshold.

We have witnessed the inception of a globally synchronised hiking cycle, with the Reserve Bank of Australia, the Reserve Bank of New Zealand, the European Central Bank, Norges Bank and others lifting rates.

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August 14, 2026
‘Worst in 30 years’: Housing panic is infecting the economy. Just ask Myer | Real estate agen…

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‘Worst in 30 years’: Housing panic is infecting the economy. Just ask Myer

More bad news from the property market is seeping into the broader economy, as shown by Myer’s recent trading performance. The RBA is stuck between a rock and a hard place.

We should always treat anecdotal evidence with a grain of salt, especially when the person delivering it is a self-described real estate influencer whose business relies on grabbing attention.

Nonetheless, there is something about the video posted on social media on Saturday evening by auctioneer and real estate industry trainer Tom Panos that captures the sense of panic that’s building in Australia’s property sector, in which he claims the environment is the worst he’s seen in 30 years.

Real estate agent sounds property alarm after ‘worst auction day in 30 years’

A prominent real estate agent has warned Aussies will continue to stay away from auctions even as property prices fall, saying he experienced his ‘worst auction day’ in his career last weekend.

Tom Panos, based in Sydney, took to social media to express his shock that not only did he fail to sell all six of the houses he had up for auction on Saturday, but that there were no bidders who registered.

Auctioneer Tom Panos said it was the worst single day he had experienced in 30 years of real estate. Instagram

“It’s very, very rare to go out there and sell no properties out of the list,” he told Today.

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July 27, 2026
Housing supply, migration need rebalance: Burke | Fresh warnings migration cuts could make housin…

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Fresh warnings migration cuts could make housing worse

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Migration opponents are being warned big cuts to Australia's intake numbers would cause havoc for the economy and impact housing targets.

Immigration and housing numbers were out of balance with each other but dramatic cuts were not the solution, minister Tony Burke said ahead of the release of net overseas migration numbers on Thursday.

"We've brought (net migration levels) down 45 per cent," the Immigration Minister told Sky News on Sunday.

Tony Burke defends migration record as official figures show constant target failures

Immigration Minister Tony Burke has said budget papers show migration is “continuing to get lower”, despite the official figures showing Labor has failed to meet its migration targets in any year since 2022.

Immigration Minister Tony Burke has claimed Labor has steadily reduced migration levels, despite official figures showing it hasn’t met a single one of its migration targets.

Mr Burke told Sky News Sunday Agenda that the Albanese government had reduced migration figures by 45 per cent from their peak in 2023.

“We've already got (immigration numbers) down 45 per cent from where they were, and as the budget papers make clear, we continue to get them lower,” he said.

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June 14, 2026
Housing tax shake-up tabled in parliament | Albanese banks on Greens to pass tax grab after elect…

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Housing tax shake-up tabled in parliament

The federal government's bold housing tax shake-up has been tabled in parliament today, but its fate rests with the Greens.

Albanese banks on Greens to pass tax grab after election backflip

The Albanese government has plotted a pathway through the parliament for its controversial tax changes, relying on the Australian Greens to support the legislation.

Labor has plotted to pass its controversial tax legislation through the parliament with the support of the Greens after breaking major election promises on capital gains and negative gearing.

Sky News understands that Labor believes the Greens will support the package, despite the minor party describing the budget proposal as a “missed opportunity” .

NDIS Minister Jenny McAllister told Sky News Sunday Agenda that it was up to the Greens to decide whether they would support changes that help young people get into home ownership.

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May 31, 2026
Couple embrace $130,000 housing crisis solution sweeping Australia: ‘Never again’ | Prefabricated…

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Couple embrace $130,000 housing crisis solution sweeping Australia: 'Never again'

A couple have vowed to “never live in cities again” after building their own tiny home in regional Australia, despite not having any construction experience whatsoever.

Lizzie Villestas, 42, and David Menhennett, 56, moved from Hong Kong to Australia — where David was born — in 2021. They have now joined the scores of Aussies ditching city life for simple, stress-free living.

The couple are encouraging others to take the plunge and make the move as the ‘Australian dream’ of a multi-bed detached home in the suburbs becomes increasingly unattainable.

“It’s the only way forward for younger generations,” David told Yahoo News.

Determined to leave behind the “high-level stress” city living brings, the married couple made plans to relocate to Tasmania, but ultimately decided on southeast Victoria.

Prefabricated homes: the $150k fix to Australia's housing crisis?

Widow Christine Szajer dug herself out of grief and financial difficulties after the passing of her husband, managing to secure a roof over her head with a tiny, prefabricated home.

It's something experts say could solve Australia's housing crisis, if governments thought more about the process and time it took to produce new housing.

After the passing of her beloved husband to a rare cancer six years ago, Ms Szajer opted to sell the four-bedroom home and downsize, leasing a block of land in South Australia's Barossa Valley and gained a new lease on life.

Housing affordability was a key issue in the May 12 federal budget with changes to negative gearing and capital gains tax but some Australians say a simple solution could be found in prefabricated houses.

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World Urban Forum 13 Concludes in Baku with Focus on Housing, Resilience, and Urban Inclusion

The thirteenth session of the World Urban Forum (WUF13) concludes today, May 22, in Baku, Azerbaijan, after six days of discussions, exhibitions, and international exchanges centered on the theme "Housing the World: Safe and Resilient Cities and Communities." Co-organized by UN-Habitat and the Government of Azerbaijan, the forum marked the first time the event was held in the Caucasus region, bringing together policymakers, architects, urban planners, academics, and civil society representatives from around the world.

Established in 2001 by UN-Habitat, the World Urban Forum serves as the United Nations' premier global conference on sustainable urbanization. Hosted at the Baku Olympic Stadium from May 17 to 22, this year's edition focused on the global housing crisis, informal settlements, climate resilience, and equitable urban development, while advancing conversations around the New Urban Agenda and Sustainable Development Goal 11: Sustainable Cities and Communities.

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May 22, 2026
One answer to Australia’s housing affordability crisis is hidden in plain sight | Stamp duty thre…

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One answer to Australia's housing affordability crisis is hidden in plain sight

A new rental cooperative in Melbourne is offering low-income renters better housing than the private market. (ABC News: Rhiannon Stevens)

Melbourne's skyline opens in front of Iain's couch like a pop-up book, and when he looks over it, he almost can't believe it: "It's like, 'Oh my god, I can see the world.'"

Iain's previous rental was a sinking, water-damaged one-bedroom flat that he struggled to afford. What he sees now from his fifth-floor apartment isn't just a view, it's an opportunity.

In Australia, Iain is a statistical anomaly. The low-income "forever renter" has found an affordable, rent-controlled apartment in a central location and a long-term lease. At a time when the number of home owners in Australia is declining, and many renters are experiencing financial stress and insecure leases, Iain feels lucky.

'Simply not believable': Housing plan gains criticism

The government's plan has been welcomed, but it's raised some questions. (ABC Pilbara: Kimberley Putland)

The WA government has promised to build more than 500 houses for government workers in regional cities.

The announcement is part of the Cook Government's 2026/27 budget and "Seven Cities" vision.

Master Builders WA says serious questions about the delivery of the initiative need to be answered.

The West Australian government has announced it plans to build 500 homes for public servants in regional areas over five years despite a "critical worker shortage".

The Pilbara is set to benefit the most from the commitment, with 305 homes expected to be built in Port Hedland and Karratha.

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May 7, 2026
Housing crisis deepens as population growth outpaces new housing supply | Could shrinking your bl…

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Housing crisis deepens as population growth outpaces new housing supply

Australia’s population is growing three times faster than new housing is getting built due to record levels of migration coupled with sluggish home construction, new figures have revealed.

Experts have warned the result of the imbalance is that competition for housing could intensify this year even as interest rate hikes and the fuel crisis threaten to pull down home prices.

Analysis of ABS figures by conservative think tank the Institute of Public Affairs showed population growth over 2023 to 2025 was 1.5 million against a total 527,222 housing completions.

Institute of Public Affairs senior fellow Dr Kevin You said the mismatch between supply and population growth revealed why the country continued to have a housing crisis.

Could shrinking your block size solve Australia's housing affordability?

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Outdated minimum lot size rules embedded in planning schemes are preventing new homes from being delivered in established suburbs according to a peak housing industry body.

Analysis from the Housing Industry Association points to these rules, making it near impossible to meet the National Housing Accord target of 1.2 million new homes.

HIA executive director planning and development, Sam Heckel accused governments of leaving 1950s planning rules untouched, making it impossible to meet housing targets.

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April 16, 2026
Bunnings enters housing market with flatpack pod homes starting from $26,000 | Bunnings’ ‘extreme…

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Bunnings enters housing market with flatpack pod homes starting from $26,000

Australia’s most iconic hardware store is making a monumental leap from hammers and nails to helping build entire homes, as it throws its weight behind a burgeoning solution to the nation’s housing affordability crisis.

Bunnings Warehouse has partnered with an innovative Aussie start-up to offer compact, modular pod houses designed for backyards, many of which cleverly bypass the need for traditional building permits.

The retailer now lists Elsewhere Pods’ flatpack dwellings online and through its in‑store Special Orders desk, with two models on offer: a 2.7m x 2.4m pod priced at $26,100 and a larger 4m x 2.4m studio at $42,900.

Bunnings' 'extremely affordable' new solution to major housing issue impacting Aussies

A family’s creative way of doubling their living space for a fraction of the cost of a new home or an extension highlights the need for alternative solutions to affordable housing. For just under $200,000, Martijn and his wife added to their 40sqm cottage on the NSW Central Coast.

They created a private and spacious retreat using modular pods created by an Aussie startup, which are now available for sale to everyday Aussies at Bunnings.

In less than a week, the couple added 35sqm to their steep bushland property, with Martijn and his wife, a professional musician, scoring their own 15sqm retreat for work.

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February 4, 2026
Bunnings enters housing market with flatpack pod homes starting from $26,000 | Bunnings starts se…

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Bunnings enters housing market with flatpack pod homes starting from $26,000

Australia’s most iconic hardware store is making a monumental leap from hammers and nails to helping build entire homes, as it throws its weight behind a burgeoning solution to the nation’s housing affordability crisis.

Bunnings Warehouse has partnered with an innovative Aussie start-up to offer compact, modular pod houses designed for backyards, many of which cleverly bypass the need for traditional building permits.

The retailer now lists Elsewhere Pods’ flatpack dwellings online and through its in‑store Special Orders desk, with two models on offer: a 2.7m x 2.4m pod priced at $26,100 and a larger 4m x 2.4m studio at $42,900.

Bunnings starts selling DIY ‘tiny homes’ as housing costs pinch

Australians can build a tiny home, office or extra bedroom in their backyard over a weekend for $45,000 with Bunnings partnering with a modular home start-up to sell flat-pack studios, capitalising on a need for innovative housing amid an affordability crisis.

Elsewhere Pods, a luxury tiny home builder, sells prefabricated pods in a range of sizes from full double-storey tiny homes to 2.7-metre-wide rooms – but their new range allows customers to assemble their own structure without needing a building permit.

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Bunnings launches backyard housing 'solution' as Aussie product rides $9 million wave

More Australians are looking for alternative solutions to affordable housing, and the nation's most famous hardware store is jumping on the bandwagon. Bunnings has teamed up with an Aussie startup that provides small, modular pod houses that can be built in backyards and provide a living space that skirts the need for building permits.

Major lenders like Commonwealth Bank have been embracing prefab housing, while kit home manufacturers have proliferated around the country. A step down from that is the kind of tiny housing solutions offered by the likes of Elsewhere Pods.

The business says demand has been increasing for its kind of flatpack modular dwelling solution, with the startup turning over more than $9 million in sales.

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February 3, 2026