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Australia’s housing crisis is worsening, while residents in major cities are resisting taller building proposals that could ease supply constraints. The article points to a policy and zoning standoff between housing affordability goals and local opposition. The immediate market impact is limited, but the backdrop remains negative for housing supply and real estate affordability.

Analysis

Australia’s housing crisis is worsening, while residents in major cities are resisting taller building proposals that could ease supply constraints. The article points to a policy and zoning standoff between housing affordability goals and local opposition. The immediate market impact is limited, but the backdrop remains negative for housing supply and real estate affordability.