{"id":17088,"date":"2025-01-22T14:53:30","date_gmt":"2025-01-22T07:53:30","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=17088"},"modified":"2025-01-22T14:53:30","modified_gmt":"2025-01-22T07:53:30","slug":"portables-to-solve-the-housing-crisis-latest-abs-statistics-reveal-the-crisis-for-renters-and-first-time-buyers-continues","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=17088","title":{"rendered":"Portables to solve the housing crisis? Latest ABS statistics reveal the crisis for renters and first-time buyers continues"},"content":{"rendered":"

SYDNEY<\/span><\/span>, Jan. 21, 2025<\/span><\/span> \/PRNewswire\/ — Newly published figures from the Australian Bureau of Statistics (ABS) reveal that the mean price of residential dwellings in New South Wales<\/span> has increased over the last quarter and is the highest in the country at $1,233,600<\/span>, with the ACT and Queensland<\/span> in second and third spots.<\/p>\n

The\u00a0ABS Total Value of Dwellings released December 2024<\/span> (September Quarter 2024) shows that the value of house dwellings has risen by $156.3 billion<\/span> in the last quarter of 2024 to $11,093.8 billion<\/span>, the first time that the total value of residential dwellings has surpassed $11 trillion<\/span>. Results show values rising in New South Wales<\/span>, Queensland<\/span>, South Australia<\/span> and Western Australia<\/span>. These increases put further pressure on renters and first-time home buyers in an already scarce and budget-busting housing market.<\/p>\n

Speaking about the newly released\u00a0ABS Total Value of Dwellings figures, PennyGranny Founder and CEO Michael Doubinski<\/span> said: “These figures speak to the dire shortage of affordable housing, particularly for renters and first-time buyers.<\/p>\n

“We launched PennyGranny portable housing in 2021 to answer the need for affordable rentals and housing in the post-COVID era. Since then, we have sold or hired over 300 portable homes. We are receiving more calls month on month, largely due to the scarcity and cost of homes to rent or buy. The figures from the ABS certainly fit the pattern that we’re seeing at PennyGranny.<\/p>\n

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A high-quality portable home installed in Glenroy by PennyGranny<\/span><\/p>\n<\/div>\n

“In the last twelve months, we’ve expanded our workforce by 30% and opened a new office in Milsons Point, Sydney<\/span> to meet demand for a cost-effective solution in the current housing crisis.<\/p>\n

“We plan to expand into Far North Queensland which is just as well considering the latest ABS release shows that Queensland<\/span> now has the third largest mean price in the country ($915,700)<\/span>. A new showroom will open by the end of 2025 which will improve delivery times and better serve customers in remote areas.<\/p>\n

“With over 40 leads per week, we know that renters and first-time buyers are finding it extremely difficult to get a foot on the property ladder,” said Michael.<\/p>\n

With up to three bedrooms, many of PennyGranny’s portables come with a fully fitted kitchen, bathroom and amenities such as air conditioning, instantaneous hot water and laundry. The larger portables, such as The Josephine, measure 49sqm in total.<\/p>\n

For clients seeking custom solutions, PennyGranny offers the ability to create larger homes, up to an impressive 126sqm with standard and luxury finishes. These bespoke buildings can be tailored to be entirely self-sufficient (off-grid) by incorporating features such as solar panels, incinerating toilets, and other sustainable technologies. Additionally, custom-covered decks can be added to expand the living space and enhance the functionality of the building.<\/p>\n

“Our portables are built in Australia<\/span> and meet rigorous quality and construction standards. They’re also sustainable and eco-friendly, using specially selected materials and energy-efficient design elements.<\/p>\n

“We are trying our best to work as quickly as possible to make our portables available. We know people are desperate to move into homes, especially at this time of year. That’s why we work closely with local councils, town planners, and developers to establish and approve affordable housing,” finished Michael.<\/p>\n

Latest figures from\u00a0ABS show that the value of dwellings continued to rise in New South Wales<\/span> (+0.9%), Queensland<\/span> (+2.9%), South Australia<\/span> (+4.1%) and Western Australia<\/span> (+5%). The mean price of residential dwellings rose by $9,300<\/span> to $985,900<\/span>.<\/p>\n

PennyGranny customer Wendy Phillips<\/span> chose a PennyGranny portable when she couldn’t find a property in budget for her mother. “The hunt was on for somewhere for Mum to live. She has emphysema, so can’t handle stairs, and her eyesight is declining rapidly due to macular degeneration. Rents on the Gold Coast<\/span> have soared to $500<\/span> to $600<\/span> a week for a tacky one-bedroom unit and at least 30 people are looking at each place available, so renting on the age pension was simply not an option. The only alternative seemed to be putting her into a nursing home, which she didn’t want and neither did we.”<\/p>\n

“After having a few conversations with\u00a0PennyGranny, we decided that hiring a granny flat was the perfect fit for Mum. We have room on our property, and it still gives Mum the independence she craves while being close enough that we can care for her,” said Wendy.<\/p>\n

Key statistics from ABS research:<\/b><\/p>\n