Australia

KPMG urban economist Terry Rawnsley said the renovation boom was arguably diverting resources away from building new homes during a severe housing shortage.This was in part because renovating is simpler and less risky than building new homes, he said.“More straight-forward planning processes and lower risks for builders make renovating existing homes a favoured option over adding multiple homes on the same block,” he said.“There is a limited number of builders, a limited number of bits of wood and nails, and we need to try and shift more of these resources to building new houses rather than knocking down and rebuilding…

Superquiz, Wednesday, October 16Superquiz, Wednesday, October 16We’re sorry, this feature is currently unavailable. We’re working…

“Where can I get a Donald Trump cap?” asks Graham Russell of Clovelly. “I am…

Veteran journalist George Negus has died, aged 82.In a statement on Tuesday, Negus’ family said…

Superquiz, Tuesday, October 15Superquiz, Tuesday, October 15We’re sorry, this feature is currently unavailable. We’re working…

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