Housing News Digest
Housing News Digest
The Tenants' Union Housing News Digest compiles our pick of items from all the latest tenancy and housing media, sent once per week, on Thursdays.
Below is the Digest archive from November 2020 onwards. From time to time you will find additional items in the archive that did not make it into the weekly Digest email. Earlier archives are here, where you can also find additional digests by other organisations.
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Archive
Sydney and Melbourne house prices did not grow in February: CoreLogic
Jennifer Duke and Shane Wright Domain (No paywall)The nation’s biggest cities are in the middle of the most dramatic slowdown in the country with Sydney and Melbourne both recording no house price growth in February as mortgage rates start to rise.
https://www.smh.com.au/property/news/sydney-and-melbourne-house-…
# Australia, Housing market.Housing markets in Melbourne and Sydney slow ahead of RBA rate rises
Shane Wright The Sydney Morning Herald (Paywall)The Omicron outbreak has failed to dent the economy but the nation’s two largest property markets are showing clear signs of stalling even before the Reserve Bank starts lifting official interest rates to curb growing inflation pressures. ... While the overall economy bounces back strongly from last year’s COVID-19 hit, house prices – which have been growing at their fastest pace in more than 30 years – are now levelling. CoreLogic’s monthly house value report, to be released on Tuesday, will confirm the end of runaway prices in the Sydney and Melbourne markets.
https://www.smh.com.au/politics/federal/housing-markets-in-melbo…
# Australia, Coronavirus COVID-19, Housing market.Is it too late to make a sea change or a tree change?
Tawar Razaghi The Sydney Morning Herald (Paywall)Regional property values increased at more than triple the rate of capital cities in the last quarter, new figures show, but agents said the tree- and sea-change trend is unlikely to continue at the same booming pace.
https://www.smh.com.au/property/news/is-it-too-late-to-make-a-se…
# Australia, Housing market, Regional NSW.Sydney loses its crown in the luxury house price growth stakes
Elizabeth Redman Domain (No paywall)Australian prestige property prices jumped last year as ultra-wealthy buyers added extra homes to their portfolios and competed for limited supply, a new report shows. ... The Gold Coast recorded Australia’s fastest growth in prime property prices (defined as the top 5 per cent of homes in a market) during 2021, clocking 17.1 per cent growth to rank 12th in the world, according to Knight Frank’s Prime International Residential Index. The glitter strip overtook Sydney, where prestige property prices rose 16.2 per cent in a year and ranked 17th globally.
https://www.smh.com.au/property/news/sydney-loses-its-crown-in-t…
# NSW, Housing market.Everyone Is Sharing Their Landlord Horror Stories And I Can Smell The Black Mould From Here
Lavender Baj (No paywall)If you’re old enough to live out of home and didn’t accidentally trip over half a million dollars the day you turned 18 — chances are you’ve lived in a rental property before, and you’ve probably had at least one awful landlord. (Junkee)
# International, Rent, Repairs, Share houses, Utilities electricity water gas, Landlords and agents, Mould.Older women often rent in poverty – shared home equity could help some escape
Brendan Coates The Conversation (No paywall)Many older Australian women face insecure futures. Those who are single, divorced or widowed are much more likely to suffer poverty, housing stress and homelessness. Our new Grattan Institute proposal for a national shared equity scheme could help many escape that fate. Single women who rent rather than own their homes are at the greatest risk of poverty in retirement and are the fastest growing group of homeless Australians. They are financially vulnerable because they are more likely to have worked in low-wage jobs, are more likely to have worked part-time or casually, and are more likely to have taken long breaks from paid employment to care for others. In later life, women experience the full consequences of lower lifetime earnings, typically finding themselves with less super than men and in many cases missing the opportunity to buy a house or losing the half share in a home they had. Women who have separated by age 65 are three times as likely as still married-women to rent, and they have two-thirds the assets of separated men.
https://theconversation.com/older-women-often-rent-in-poverty-sh…
# Australia, Rent, Federal Government, Home ownership, Homelessness, Housing affordability, Housing market, Women.Housing assistance reforms needed to support the wellbeing of people in precarious housing
Rachel Ong ViforJ, Ranjodh Singh, Emma Baker, Rebecca Bentley and Jack Hewton AHURI (No paywall)AHURI Report ... New AHURI research has found a widening gap in the wellbeing of people living in precarious housing versus those who are non-precariously housed. The study, led by researchers from Curtin University, examined different population subgroups between the period 2002 to 2018, finding the wellbeing of singles, households with no children, low-income households, private renters and major city residents worsens when they are precariously housed. ... when private renters fall into precarious housing, their wellbeing scores fall by a greater extent than other housing tenures. Related to this, forced moves are a key depressant of wellbeing. The scope for improving security of tenure in the rental sector is therefore significant. Lease terms and rent levels are currently lightly regulated in the private rental sector in Australia. A renter’s security of tenure could be improved if they had the ability to exercise choice over tenancy length. Tighter rent regulation or rent price control—as in countries such as Spain, Belgium and Germany—can also offer greater protection to tenants by preventing landlords from trying to ‘price out’ tenants in an attempt to end a tenancy. Abolishing ‘without grounds’ tenancy termination will also have the effect of improving security of tenure.
https://www.ahuri.edu.au/research/news/Housing-assistance-reform…
# Research alert Australia, Domestic violence, Eviction, Rent, Families, Health, Housing affordability, Housing market, No-grounds evictions, Young people.Testing the Goldilocks house: Not too hot, not too cold and inexpensive to run
Julie Power The Sydney Morning Herald (Paywall)In Sydney’s Martin Place, two identical-looking tiny houses sit side by side. Each contains a cubic metre block of ice, about the size of a small fridge. One house is built “like a wooden tent”, as John Beurle, a member of the non-profit Australian Passive House Association (APHA), describes homes constructed to existing building standards. The other is tightly sealed and insulated to “passive house” standards. The APHA says they keep homes in the Goldilocks zone - not too hot, not too cold. In Australia, these buildings are designed to keep the temperature between 20 and 25 degrees Celsius year round. Until March 4, the public is invited to watch the ice melt in the houses in Martin Place, monitor progress via the webcams, and make a guess how they will compare. ... [Sydney’s demonstration] was funded by a $40,000 grant from Sydney City Council. A spokesman said the city supported the project’s aim to show better building design provided multiple benefits, and was more cost-effective to do upfront than retrofit later. Architect Caroline Pidcock, a co-founder of Architects Declare, said the cheapest and easiest way to reduce emissions was to make homes naturally comfortable, healthy and energy efficient.
https://www.smh.com.au/national/nsw/testing-the-goldilocks-house…
# NSW, Climate change, Minimum habitability standards.