Page 5 - Tom Devitt News Today

New housing approvals across Australia continued to decline in April, plummeting to its lowest level in  11 years. ...

Building approvals recorded a major decline in April, down 8.1% monthly and 24.1% on an annual basis.

By James Glynn SYDNEY--A sharp downturn in Australian building approvals deepened further in April, sparking fears that the slowdown could push the economy closer to a recession, while at the same time stoking rents and keeping inflation hot. ... | 02:41am

 Approvals to build new homes fell to the lowest level in 11 years, weighed down by fewer permits for apartment and townhouse buildings. 

Jesse Shaufler, her partner, and their three sons, who are all under 12, have been living in the three-by-five metre shed on a relatives property in Newcastle, NSW.

Despite increases to JobSeeker and rent assistance, the national housing crisis has reached a flashpoint – and most Australians are affected in one way or another.

Central Coast on target to "win" the year.

You'd think housing approvals would be rising. Well, hello.

A family have been torn apart over the rental crisis with the kids at relatives homes hours from their loving parents who are now living in a tent because they have been unable to get a home.

The rental crisis could worsen with housing approvals falling in every state and territory bar one. Experts say a continued shortage of rental homes will drive up and lower vacancy rates further.