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
How to end a lease early: state by state rules for breaking a fixed-term lease
Lisa Calautti Domain (No paywall)Terminating a fixed-term lease can be a costly decision, but whatever your reasons for doing so, experts say the number one rule is to give plenty of notice of your intention to vacate. ... In almost every Australian state other than New South Wales, the typical penalty for tenants breaking a lease was to reimburse their landlord for any expenses incurred as a result of the break lease, including any loss of rent, Raine and Horne property management national manager Maria Milillo said. “It’s pretty much that way in every state apart from New South Wales,” she said. “They’re the only state where the determination of the amount of money you pay is fixed. "
https://www.domain.com.au/advice/state-by-state-rules-for-breaki…
# Australia, Rent, Break fees.Australian housing market set to peak in early 2022 before prices fall
James Robinson Domain (No paywall)Australia’s white-hot property market is set to reach its zenith by early 2022, according to a new report. SQM Research’s Christopher’s Housing Boom and Bust Report 2022, released on Thursday, forecasts that dwelling prices across the nation will then drop in the second half of next year, most likely as a result of further intervention by the Australian Prudential Regulation Authority (APRA) banking regulator, which could happen as soon as December this year.
https://www.domain.com.au/news/report-australian-housing-market-…
# Australia, Housing market.House price predictions bring no joy to first-home buyers
Rod Myer The New Daily (No paywall)The big banks are tipping the housing market will take a breather in 2023, with Commonwealth Bank expecting a price fall of 10 per cent that year and the ANZ expecting a more modest fall of 4 per cent.
https://thenewdaily.com.au/finance/property/2021/11/23/house-pri…
# Australia, Home ownership, Housing market.Inside a green builder’s dream home
Poppy Johnston The Fifth Estate (No paywall)As a builder with a fondness for super high-performance homes, Jesse Glascott jumped at the opportunity to go big on sustainability when building his own place in the outer-Melbourne suburb of Warrandyte, about 30 kilometres east of the city.
https://thefifthestate.com.au/innovation/residential-2/inside-a-…
# Australia, Climate change, Housing market.Australia’s top 20 suburbs for residential investment
Kate Burke Domain (No paywall)A string of Sydney suburbs have dominated a list of the best places in which to invest in property, but it was two south-east Queensland neighbourhoods that took out the top spots. ... Five Dock and Rozelle, both in Sydney’s inner west, and North Melbourne were also among the top five picks, based on analysis conducted by Ethos Urban, a planning and urban economics consultancy.
https://www.domain.com.au/news/australias-top-20-suburbs-for-res…
# NSW, Housing market, Landlords and agents.What references should you include in a rental application?
Lauren Vardy (No paywall)Submitting a great rental application is key to getting the rental property you want. Once your personal information, proof of income and background checks are complete, the references you include with your application can make or break the deal. (rent.com.au)
# Australia, Rent.UK Rental Market Report
(No paywall)“The structural undersupply of rental property across the UK, amid higher levels of demand, will underpin rental growth in 2022.”• Strong rental demand in Q3 pushes rental growth to the highest level in 13 years. Executive summary:
• UK rents are rising at +4.6% per annum, amid a doubling of
demand in major city centres
• London rental growth swings back into positive territory after 16
months of falls, as offices and city life resumes
• Rental demand will remain higher than supply – the availability
of properties to let is 43% below the five-year average
• Even with rental growth, affordability of rents across the UK
remain in line with the five-year average, at 37% of income
• Rental growth in the UK excl London is at +6%, and we expect this
growth to ease to 4.5% by the end of 2022
• We expect London rental growth to be at 3.5% at the end of 2022
https://www.hometrack.com/media/679077/uk-rental-market-q3-final…
# International, Rent, Housing market.Bulletin
Housing for the Aged Action Group (No paywall)In putting together this meeting and Annual Report, we've realised just how much we've still been able to achieve, putting Housing for the Aged Action Group on a great trajectory to keep improving the housing and lives of older people around the country.
https://mailchi.mp/f8935d5b9ac5/older-tenants-voice-summer-editi…
# Australia, Campaigns and law reform, Older people.