Australia

The median price of homes in Auckland, New Zealand’s largest city, grew by $100,000 in February, reports the Real Estate Institute of New Zealand. That means prices were growing by $25,000 a week. The good news is that these are New Zealand dollars, which are only worth about 72 cents U.S., which means prices grew by “only” US$18,000 a week.  read more »

The Urban Reform Institute and the Frontier Centre for Public Policy are pleased to present the 2021 edition of Demographia International Housing Affordability. This report provides housing affordability ratings, using the median multiple, a measurement of income in relation to housing prices, or 92 major markets (metropolitan areas) in eight nations for the third quarter of 2020.  read more »

“Mr. Covid has been the best city and regional planner Australia has ever had. The suburbs will shine, and regions will grow. Maybe we should forget about big city infrastructure projects for a while and spend it on our future resilient communities where people look out for each other.”  read more »

The proponents of currently fashionable planning doctrines favouring density maintain, among other factors, that high-density planning is more environmentally sustainable. Policies based on these doctrines are being applied in Australian capital cities--- Canberra, Sydney, Melbourne, Adelaide, Brisbane, Perth and to some extent Darwin and Hobart.

The assumption that high-density is environmentally superior seems to be based on intuition as no proof is provided to support this claim. Rather, considerable evidence is emerging that this is not the case.  read more »

Rarely has the question of where, why and how people will live, work and play been so important, as the impact of COVID-19 begins to transform the demand and supply equation across the Australian property market.  read more »

The COVID-19 virus has taken a hammer to many of the ideas we have about what is normal.

It is obvious now that many things will never be the same.

COVID-19 follows a period of significant change for Australia’s residential property market.  read more »

The global response to the impact of the Coronavirus seems consistent in at least one respect: everything we previously took for granted is now up for grabs. Long held truisms, established patterns of corporate and individual behaviour, doctrinal teachings, professional articles of faith – nothing is immune from Covid-19 induced change.  read more »

The junket factor must be the only logical criteria by which various industry “study tours” overseas are planned. How else to explain how entirely inappropriate the choices are? The list of cities identified for “study” by Australian development and planning industry bodies reads like the pages of a glossy weekend travel magazine: we’ve seen study tours to New York, Los Angeles, San Francisco, Copenhagen, London, Vancouver and (of course) Portland. The purpose? One recent blurb promises it is “to expand our horizons and bring new ideas back to Aussie shores.”  read more »

High-density planning policies have become fashionable and Sydney planners are among the most enthusiastic adopters. New South Wales Government authorities claim that high density policies result in a reduction of greenhouse gas emissions (gge), provide improved housing affordability and result in reduced traffic congestion. No evidence has been provided to justify these assertions. Such claims need to be investigated as well as density’s detrimental effect on amenity and quality of life should also be investigated.  read more »

One of the principal advances of the past two centuries has been the drastic reduction in poverty and the rise of a large middle-class, a process expertly detailed by economists Diedre McClosky and Robert Gordon.  read more »