Governments are pouring money into housing but materials, land and labour are still in short supply

By Flavio Macau, Edith Cowan University and Deepa Bannigidadmath, Edith Cowan University As Australia’s housing affordability crisis worsens, governments are spending more on housing. Victoria’s Andrews government has announced a suite of reforms (such as boosting social housing and making planning processes faster) in an effort to get 800,000 extra homes in Victoria over the…

GWA ends year stronger on flat revenues

Bathroom and kitchen fittings manufacturer GWA has increased its net profit on revenues slightly down for the year ended 30 June. The company which manufactures the Caroma, Methven, Clark and Dorf brands reported statutory net profit up 22.7 percenmt to $43.2 million on group revenue down 1.6 percent to $411.8 million. Normalised net profit after…