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
Reserve Bank poised to ease debt-buying as economy rebounds
Shane Wright The Sydney Morning Herald (Paywall)The Reserve Bank is poised to turn off a key element of its quantitative easing program and signal a step towards higher interest rates as evidence grows investors are pushing first time buyers out of a nationwide property market where house values have soared 24 per cent in a year.
https://www.smh.com.au/politics/federal/sydney-house-values-surg…
# Australia, Home ownership, Housing affordability, Housing market.Sustainable Indigenous housing in regional and remote Australia
Tess Lea, Liam Grealy, Megan Moskos, Arianna Brambilla, Stephanie King, Daphne Habibis, Richard Benedict, Peter Phibbs, Chao Sun and Paul Torzillo AHURI (No paywall)This research explores what is required for sustainable Indigenous housing in regional and remote Australia to deliver positive health and wellbeing outcomes for householders, so that housing stock is maintained at high levels over time and is designed with climate change challenges in mind.
# Research alert Australia, Aboriginal renters, Climate change, Health, Housing market, Regional NSW.There are still tree-change options for less than half a mil
Melissa Heagney Domain (No paywall)The number of tree-changers moving from cities to regional towns shows no signs of slowing down, as people look for more space and a bigger backyard. A coronavirus-related exodus of those living in the city has seen house prices in some regional areas soar by more than 30 per cent over the year to September, Domain’s latest house price report shows.
https://www.domain.com.au/news/the-tree-changer-houses-for-sale-…
# Australia, Coronavirus COVID-19, Housing market.Potential home-buyers warned fixed interest rates to rise as Reserve Bank winds back stimulus
Elizabeth REdman Domain (No paywall)Potential home-buyers are being warned that mortgage rates could get more expensive quickly, even if the Reserve Bank leaves official interest rates on hold for some time.
https://www.domain.com.au/news/potential-home-buyers-warned-fixe…
# Australia, Home ownership, Housing market.Taxes that reward asset-owners and punish wage-earners leading society into crisis, say experts
Daniel Ziffer ABC (No paywall)House prices and the value of the share market have ballooned. But wages are barely growing. The combination means a widening gap between those who make their money from assets and those who make it from their labour – a situation even some of the beneficiaries think needs to change. "I think it's unfair," said Rob Pallin, sitting on the deck of his house. "It's unfair that I get these tax breaks that a younger person cannot get because they're just earning a wage".
https://www.abc.net.au/news/2021-11-02/the-millionaires-who-want…
# Australia, Federal Government, Housing market, Tax.First-home buyers: Why are first-home purchases at a decade high when it’s so hard to buy a home?
Elizabeth Redman Domain (No paywall)Hopeful first-home buyers face an uncertain outlook only months after reaching their highest levels in a decade, and experts warn many will struggle to achieve home ownership. There were more first-home buyers in January than at any time since the global financial crisis, official figures show, and despite a drop since then, this group is still buying in its highest numbers since 2009. At first glance it seems a paradox when property prices have soared to new records this year, making it harder to get into the market ...
https://www.domain.com.au/news/first-home-buyers-why-are-first-h…
# Australia, Home ownership, Housing market.Property double whammy makes saving for a home even harder
Matthew Elmas The New Daily (No paywall)Buying a home just became that much harder after banks adopted tough new lending requirements on Monday. The stricter rules, which will require banks to ensure borrowers can service their loans if rates were to rise by 3 percentage points (up from 2.5 points), are expected to cut the average buyer’s borrowing capacity by about 5 per cent.
https://thenewdaily.com.au/finance/property/2021/11/01/property-…
# Australia, Home ownership, Housing market.Signs of housing price boom flagging
Colin Brinsden The New Daily (No paywall)Australia’s house price boom is showing signs of flagging after spiking more than 20 per cent in the past year. The CoreLogic home value index rose 1.49 per cent in October, having steadily lost momentum since hitting a monthly growth peak of 2.8 per cent in March.
https://thenewdaily.com.au/finance/property/2021/11/01/signs-hou…
# Australia, Housing market.