Dick Dusseldorp News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Australian builder, developer and investor promises major change. But questions remain unanswered by the activist target.

After many false starts, the once-venerable property group’s latest chief faces an uphill task convincing investors he can turn around the troubled business.

From grazing cows to royal couples and zip-lining celebrities, the Opera House has been a gathering point for decades.

But we also have a housing construction crisis: planning freezes; rising materials prices; builder bankruptcies; subbies raising prices to recoup lost income; increasingly difficult building regulations. Costs are up to 50%, starts have dropped by 50%.

We used to build public housing for the poorest and most vulnerable in our community. Sixty years ago 7% of all dwellings were under state ownership. Both sides of politics sold off or privatised the housing built by earlier generations; now less than 3% nationally. The need is about 10%, particularly given Labor’s refusal to meaningfully increase social incomes. So we need massive investments in public housing,