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
Australia’s housing crisis: it’s one of the most unaffordable in the world, so how is the Coalition going to fix it?
Jessica Sier The Guardian (No paywall)With many Australians locked out of the housing market or staring down the barrel of a 40-year, million-dollar-plus mortgage, the federal government has proposed a raft of policies aimed at addressing housing affordability in Tuesday’s federal budget. But whether they will help bring ownership within reach of more people is unclear, especially since housing supply and zoning powers lie with the state governments. Also, check out another story in 'The Guardian' at: [https://www.theguardian.com/australia-news/2021/may/10/federal-budget-2021-what-to-expect-aged-care-women-infrastructure].
https://www.theguardian.com/australia-news/2021/may/11/australia…
# Australia, Federal Government, Home ownership, Homelessness, Housing affordability, Housing market, Tax.What do you do when you're priced out of property?
Patrick Wright ABC (No paywall)Thanks to strong demand from buyers, and record low interest rates, house prices in the capitals are up 6.4 per cent for the year while regional houses are up 13 per cent. It's great news for home owners, but for those on the sidelines, the recent price jumps are making ownership seem even more unattainable. So, what can you do if you're simply priced out? And what are the challenges for people facing a lifetime of renting? (ABC Everyday)
https://www.abc.net.au/everyday/what-to-do-when-you-are-priced-o…
# Australia, Rent, Home ownership, Housing affordability, Housing market.Federal budget 2021: HomeBuilder unleashes $30b construction boom – but it won’t last
Kate Burke Domain (No paywall)A $30 billion residential construction boom has been unleashed by the federal government’s HomeBuilder scheme, but the current run in prices and activity is not expected to last.
https://www.domain.com.au/news/federal-budget-2021-homebuilder-u…
# Australia, Federal Government, Home ownership, Housing market.Hunt promises ‘record’ response to aged care royal commission in budget
Rachel Clun The Sydney Morning Herald (Paywall)Health Minister Greg Hunt says the government wants its response to the aged care royal commission to make a fundamental and material difference to the sector, which will receive at least $10 billion over four years in Tuesday’s budget.
https://www.smh.com.au/politics/federal/hunt-promises-record-res…
# Australia, Housing market, Older people.What's in the budget? Here are the key measures we already know about
Gareth Hutchens ABC (No paywall)Here are the major policies that have already been flagged ahead of the Treasurer's budget speech tonight. Check out section called 'Housing policy'. Also, check out the story in 'The Sydney Morning Herald' at: [https://www.smh.com.au/politics/federal/budget-2021-what-we-already-know-20210510-p57qdw.html].
https://www.abc.net.au/news/2021-05-11/budget-measures-we-alread…
# Australia, Federal Government, Home ownership, Housing market, Welfare.Hopeful buyers need to save thousands of dollars to keep their 20 per cent deposit
Tawar Razaghi Domain (No paywall)Potential home buyers who have been searching for a property since last year would need to have saved up to $1586 extra a week in deposit money to keep up with the pace of price rises, new analysis shows.
https://www.domain.com.au/news/hopeful-buyers-need-to-save-thous…
# Australia, Home ownership, Housing affordability, Housing market.Canberra gains more than a dozen 'million-dollar suburbs' in two years as house prices rise rapidly
Isaac Nowroozi ABC (No paywall)If you are trying to enter the Canberra property market and feel it is getting much harder, much quicker — you are right.
https://www.abc.net.au/news/2021-05-10/canberras-new-million-dol…
# Australia, Housing affordability, Housing market, Landlords and agents.'Fear of missing out' fuels record house prices in April
BBC (No paywall)From the United Kingdom ... Prices are up 8.2% in the last 12 months, the highest annual growth rate for five years ... Altura mortgage broker Rob Gill said "fear of missing out" (FOMO) was driving the surge. "There's a fear among buyers that they could miss out if they don't hurry up and buy before prices spiral," he said.
# International, Home ownership, Housing market.