Retiree home ownership is about to plummet and soon little more than half will own where they live

Australia’s retirement incomes system has been built on the assumption that most retirees would own their home outright. But new Grattan Institute modelling shows the share of over 65s who own their home will fall from 76% today to 57% by 2056 – and it’s likely that less than half of low-income retirees will own…

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Housing with buyer protection and no serious faults – is that too much to ask of builders and regulators?

Regulation of the Australian building industry is broken, according to the Shergold-Weir report to the Building Ministers’ Forum. “We have concluded that [the] nature and extent [of problems] are significant and concerning. The problems have led to diminishing public confidence that the building and construction industry can deliver compliant, safe buildings which will perform to the expected standards…

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Canberra rents continue to rise, still most expensive capital city to rent a house

Canberra house rents have continued to rise, and remain the highest out of all capital cities, according to the latest Domain data. The median asking rent for houses in the nation’s capital has jumped 7.5 per cent over the year to $570 per week, with the Domain Rental Report for the March quarter finding Canberra has experienced the highest growth out…

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Airconditioning’s cool breeze turning into higher global temperatures as demand soars

The race is on to improve the humble home airconditioning unit due to fears increasing demand for it could take a significant toll on global temperatures. With room airconditioning units alone expected to cause a 0.5-degree temperature increase, experts say urgent action needs to be taken to revolutionise the industry before it’s too late. Enter the…

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