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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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See notes about the Digest and a list of other contributors here. Many thanks to those contributors for sharing links with us.
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Archive
The Sydney regions with the lowest and highest turnover of homes
Kate Burke The Sydney Morning Herald (Paywall)About one in every 17 homes were sold across Greater Sydney during the past year, with home owners in some lifestyle locations particularly keen to cash in on strong price growth.
https://www.smh.com.au/property/news/the-sydney-regions-with-the…
# NSW, Housing market.‘Are prices going to slide further?’ What’s next for NSW’s property market
Sue Williams Domain (No paywall)Despite the current state of turmoil in the NSW property market, with prices slowing or falling, interest rates rising and inflation spiralling, a major new report has signalled that buyers today are unlikely to regret any purchasing decisions.
https://www.domain.com.au/news/are-prices-going-to-slide-further…
# NSW, Housing market.‘Situation is urgent’: Push for rethink on critical shortage
(Paywall)A Far North housing crisis has been the catalyst for a push to unlock more low cost home construction through policy shifts and should be tackled in a similar way to a natural disaster response. (Cairns Post)
https://www.cairnspost.com.au/news/cairns/cairns-housing-q-shelt…
# Australia, Housing market.Why the surge in home construction will do little to address affordable housing
Amber Schultz (No paywall)Following a two-year slowdown in housing construction, the boom is back, with a record number of houses being developed. But it’s not likely to fix Australia’s shortage of affordable or social housing, despite government investment. Labor, land and material shortages continue to slow down construction, while interest rates will keep rental costs high. (The Mandarin)
https://www.themandarin.com.au/192749-why-the-surge-in-home-cons…
# Australia, Public and community housing, Rent, Affordable housing.Cutting rental costs
9 News (No paywall)Simple ways to make your rent more affordable (Today)
https://9now.nine.com.au/today/videos/latest/simple-ways-to-make…
# Video Australia, Rent, Share houses, Affordable housing.What happens when a property passes in at auction?
Elizabeth Redman The Sydney Morning Herald (Paywall)More properties are passing in at auction, with buyers and sellers turning to post-auction negotiations to secure a sale. But experts say buyers should be prepared for potential traps. Also, read Elias Visontay's article entitled: '"Older, whiter and smaller": new census data to show how Covid changed Australia' in 'The Guardian' at: [https://www.theguardian.com/australia-news/2022/jun/27/older-whiter-and-smaller-new-census-data-to-show-how-covid-changed-australia]
https://www.smh.com.au/property/news/what-happens-when-a-propert…
# Australia, Coronavirus COVID-19, Housing market.Millennials drive regional growth as migration from capital cities hits five-year high
Mel Dearmer, Madeline Austin, Georgie Hewson and others ABC (No paywall)Regional growth across Australia is being driven by a mass exodus from capital cities, with people aged 24-40 leading the tree change, new data shows. ... "We colloquially use the term 'the Australian dream' of getting a backyard where the kids can grow up in, and that's actually a reality — it exists here." But it was not just affordability that drew Mr Fletcher to regional life.
https://www.abc.net.au/news/2022-06-23/millennials-drive-regiona…
# Australia, Families, Housing market, Regional NSW.Kean’s budget bid to make the 11-year-old Coalition look brand new
Alexandra Smith The Sydney Morning Herald (Paywall)NSW Treasurer Matt Kean had a very clear objective in mind on Tuesday. For Kean, this budget - the final before the state election - was designed to redefine the Coalition. .... NSW Budget: Winners: First home buyers ... Experts say stamp duty adds a further two-and-a-half years to an average worker’s journey in saving for a house deposit. Under the new First Home Buyer Choice scheme, house hunters can choose to opt out of stamp duty by paying an annual levy of $400 plus 0.3 per cent of the land value of the property. Eligible first-home buyers can choose to join the scheme from January 16 next year.
https://www.smh.com.au/politics/nsw/kean-s-budget-bid-to-make-th…
# NSW, Housing market, Tax.