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
Welsh private rented sector needs to plug 98% funding gap to reach net zero by 2050
Stephen Delahunty Inside Housing (Paywall)The Welsh government is being called on to develop a long-term strategy for meeting 2050 net-zero targets, after new research revealed a huge funding gap in the private rented sector (PRS).
https://www.insidehousing.co.uk/news/news/welsh-private-rented-s…
# International, Rent, Climate change, Landlords and agents.'I'm not giving up my cat': Lack of pet-friendly rentals forces Bulli woman into caravan
Grace Crivellaro Illawarra Mercury (Paywall)‘Pet-friendly’: Bulli woman Tahlia Roza lives in a caravan with her cat Dougie and has struggled to secure a rental. Finding a rental in the Illawarra is an almost impossible feat, made even tougher if you own a pet. As vacancies remain at an all-time low, it’s been a struggle for Tahlia Roza to find a new home after she was asked to vacate from her Bulli rental a month ago.
https://www.illawarramercury.com.au/story/7839957/im-not-giving-…
# NSW, Eviction, Rent, Homelessness, Pets.Apartment prices outperform house prices for first time in three years
Derek Rose The New Daily (No paywall)The price of apartments outperformed houses last quarter for the first time in three years, a new report shows. ... "Affordability constraints, reduced borrowing capacity and the relative underperformance and perceived value (that) units offer will help steer buyer demand to affordable options, likely to be both units and entry-priced houses”.
https://thenewdaily.com.au/finance/property/2022/07/28/apartment…
# Australia, Strata, Housing market.Australia’s median house price falls for the first time in two years – how much is your suburb worth?
Ellen Lutton Domain (No paywall)Australia’s median house price has fallen for the first time in two years but the bulk of the downturn is coming from Sydney and Melbourne, a new report shows. House prices fell by 2.7 per cent in Sydney – its steepest quarterly fall since early 2019 – and 0.9 per cent in Melbourne, according to Domain’s House Price Report for the June quarter. This was the second quarterly fall in a row for Melbourne. These price falls dragged the combined capitals’ median house price down by 0.9 per cent. Australia’s median house price is now $1.065 million – $10,000 less than what it was in March but still $100,000 more than what it was this time last year.
https://www.domain.com.au/news/australian-house-prices-fall-for-…
# Australia, Housing market.Chasing a discount? The Sydney suburbs where property prices have fallen most
Kate Burke Domain (No paywall)Home buyers across dozens of Sydney suburbs can spend less on a property than they would have a year ago, with six-figure price declines recorded in some areas. Unit prices fell in almost one in five Sydney suburbs over the year to June, Domain data shows, and house prices were down in several suburbs.
https://www.smh.com.au/property/news/chasing-a-discount-the-sydn…
# NSW, Housing market, Sydney.The popular NSW tree-change towns where house prices have soared
Tawar Razaghi Domain (No paywall)The housing boom in regional NSW has begun to lose steam, new data shows, but prices are still rising in regional areas and experts say they may escape Sydney’s downturn. Every council area in the state outside of Sydney, except for two, recorded double-digit price growth in the year to June, the latest Domain House Price Report, released on Thursday, showed.
https://www.smh.com.au/property/news/the-popular-nsw-tree-change…
# NSW, Housing market, Regional NSW.RBA rate rises tipped to slow bank mortgage growth
Clancy Yeates The Sydney Morning Herald (Paywall)Growth in the major banks’ profitable mortgage portfolios is forecast to slow, as steep interest-rate rises hit the housing market, amid reports from mortgage brokers that new home lending has already softened. As markets prepare for an expected 0.5 percentage point rise in official interest rates on Tuesday, comments from mortgage brokers AFG and Lendi suggest the number of new loan applications lodged with the big banks has cooled, following falls in major capital city house prices and property sales.
https://www.smh.com.au/business/banking-and-finance/rba-rate-ris…
# Australia, Housing market.Proposed tenancy laws could lead to landlord exodus
(No paywall)Proposed changes to Western Australia's tenancy laws to allow renters to have pets and make minor changes to houses could see an exodus of landlords from the state's rental market. (MSN) ... says the REI
https://www.msn.com/en-au/news/australia/proposed-tenancy-laws-c…
# Australia, Rent, Landlords and agents, Pets, State Government.