National Cabinet is turning its attention to Australia's housing crisis — and an important shift could be coming
1 year, 4 months ago

National Cabinet is turning its attention to Australia's housing crisis — and an important shift could be coming

ABC  

A staple of debates about housing affordability in Australia over at least the last four decades has been lack of housing supply. It will consider both the rental market and housing supply in the broad, amidst continuing pressure from the Greens — who have been trying to leverage their refusal to support the government's housing fund to gain federal interventions in the housing the rental market. There's some really weird stuff going on Housing Minister Julie Collins released an issues paper on the development of a new national housing and homelessness plan earlier this week which documented some of these challenges. The threat of an early election has done little to convince the federal Greens to abandon their opposition to the federal government's $10 billion housing future fund. Much of the debate on housing in the lead-up to this meeting has been on the stand-off with the Greens on the federal government's housing fund, and on the Greens' politically successful prosecution of the rental crisis, even if there really isn't a huge amount the federal government can do directly about addressing rents.

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History of this topic

Record numbers of Britons moving to this faraway country for a better life
1 week, 4 days ago

Record numbers of Britons moving to this faraway country for a better life

The Independent  

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about …

Services overwhelmed as 3 million at risk of becoming unhoused, says Homelessness Australia report
1 month, 3 weeks ago

Services overwhelmed as 3 million at risk of becoming unhoused, says Homelessness Australia report

ABC  

The rising cost of living and rates of rental stress have left about three million Australians at risk of homelessness, a more than 60 per cent increase since 2016, a new report by Homelessness Australia has found. Homelessness Australia chief executive Kate Colvin said people who had been able to afford private rentals a few years ago were now resorting …

Anthony Albanese's housing plan is falling apart as an immigration slowdown fails to solve the affordability crisis
3 months, 1 week ago

Anthony Albanese's housing plan is falling apart as an immigration slowdown fails to solve the affordability crisis

Daily Mail  

Anthony Albanese's plan to build 1.2million homes over five years is looking even shakier with building approval numbers now 30 per cent below what's needed. Anthony Albanese 's plan to build 1.2million homes over five years is looking even shakier with building approval numbers 30 per cent below what's needed House price growth over the year SYDNEY: Up 4.9 per …

Australia's housing crisis laid bare as single mums reveal their desperate efforts to keep a roof over their families' heads
4 months, 3 weeks ago

Australia's housing crisis laid bare as single mums reveal their desperate efforts to keep a roof over their families' heads

Daily Mail  

This video is no longer available This video is no longer available Two Aussie single mums have revealed the turmoil of being priced out of a skyrocketing housing market. And they aren't alone in the struggle, with a growing number of Aussies struggling to ensure a roof over their families' heads as the national housing crisis worsens. Single mother-of-three Kaitlyn …

Australia's housing crisis impacts regional refugee communities
5 months, 1 week ago

Australia's housing crisis impacts regional refugee communities

ABC  

Refugee Khorsand Yousofzai vividly remembers the day he fled Afghanistan, leaving behind his family and the career he built in professional soccer. His mother Deeba, a physics professor who previously worked for the Women's Affairs Ministry in Afghanistan, said they were "not looking for a palace … just enough rooms". "We frequently see landlords say only two people can live …

Australian property prices remain resilient despite economic headwinds
5 months, 2 weeks ago

Australian property prices remain resilient despite economic headwinds

ABC  

Australian house prices have risen for a sixth straight quarter, according to analysis by Domain. "The housing market remains resilient despite low consumer sentiment, economic pressures and high interest rates," Domain's chief of research and economics, Dr Nicola Powell said. "Supply still remains constrained overall, weighed against a surge in demand from strong population growth and a tight rental market," …

Australia's housing crisis in 10 graphs, from the federal budget
7 months, 3 weeks ago

Australia's housing crisis in 10 graphs, from the federal budget

ABC  

The Albanese government knows Australia has a housing problem. "Australia's housing system has been unable to build enough new housing stock to keep up with the needs of our population," it warns. Australia's housing supply is low by international standards The government has pointed out that Australia has fewer dwellings per 1,000 people than the OECD average. Supply shortages contribute …

Australia to miss target of 1.2 million new homes by 2029, according to State of the Housing System report
8 months, 1 week ago

Australia to miss target of 1.2 million new homes by 2029, according to State of the Housing System report

ABC  

In short: A deal through the National Housing Accord aims to build 1.2 million new homes by 2029. A deal through the National Housing Accord aims to build 1.2 million new homes by 2029. A deal through the National Housing Accord with federal, state and territory governments aims to build 1.2 million new homes by 2029. Australia's housing system 'far …

Housing density has surged across Australia's cities, yet home prices keep hitting fresh records
8 months, 2 weeks ago

Housing density has surged across Australia's cities, yet home prices keep hitting fresh records

ABC  

It's the number one issue around Australia, particularly in our biggest cities, groaning under record population growth — finding somewhere affordable to live. Sydney's statistical boundaries, for example, include the Blue Mountains and Central Coast, explaining why it has a lower population density than Melbourne or Adelaide, despite having the highest proportion of apartments of any Australian city — just …

Why Australia's housing crisis is expected to get even worse - and correcting it could take years
8 months, 2 weeks ago

Why Australia's housing crisis is expected to get even worse - and correcting it could take years

Daily Mail  

Australia's housing crisis will get worse before it gets better and the Albanese government is under growing pressure to do more to fix it in next month's budget, a new report says. A backlog of half-built home and stalls on new projects are projected to worsen Australia's housing crisis, experts say The economist wasn't confident the government's goal of building …

Canada’s Housing Crisis Will Persist on Tradespeople Shortage, CBRE Says
9 months, 1 week ago

Canada’s Housing Crisis Will Persist on Tradespeople Shortage, CBRE Says

Live Mint  

-- Canada doesn’t have enough skilled tradespeople to build its way out of its current housing shortage, threatening long-term damage to the country’s social fabric, according to a top executive at one of the world’s biggest real estate firms. Housing is becoming the central issue ahead of Canada’s next general election, currently expected in 2025, with a lack of dwellings …

The insane amount of tradies needed for Albo to meet his farcical goal of 1.2million new homes in the next five years - and the 'solution' that's only going to make the housing crisis WORSE
9 months, 2 weeks ago

The insane amount of tradies needed for Albo to meet his farcical goal of 1.2million new homes in the next five years - and the 'solution' that's only going to make the housing crisis WORSE

Daily Mail  

Australia needs 90,000 more tradies in the next 90 days in order to meet the Albanese government's 'impossible' new goal to build 1.2million new homes in five years, the building industry has warned. BuildSkills Australia conceded its target of 90,000 tradies within 90 days is unrealistic The national housing crisis has resulted in the rise of pre-fabricated homes which are …

The worrying graph that shows Australia is going the wrong way in building the 1.2million new homes it needs to solve the housing crisis
9 months, 3 weeks ago

The worrying graph that shows Australia is going the wrong way in building the 1.2million new homes it needs to solve the housing crisis

Daily Mail  

A plunge in home approvals has cast severe doubt over the federal government's ambitious plan to build 1.2million homes in five years. Australia's new house approvals are slumping casting severe doubt over the federal government's promise to build 1.2milion homes in five years To meet the Albanese government's targets, 20,000 homes will need to be built every month from July …

Proof Australia's rental crisis is getting worse as living costs soar across the country
10 months, 2 weeks ago

Proof Australia's rental crisis is getting worse as living costs soar across the country

Daily Mail  

Share house living is growing as the rental market remains tight and high living costs prod home owners to rent out their spare rooms. Online share accommodation site Flatmates has recorded an 18.8 per cent increase in new listings since this time last year, but even with that boost, demand for rooms is still dramatically outpacing supply. Demand for rooms …

As a new parliamentary year gets underway, the housing crisis remains a powerful vote driver
10 months, 3 weeks ago

As a new parliamentary year gets underway, the housing crisis remains a powerful vote driver

ABC  

Political momentum has ebbed and flowed in the first fortnight of parliament for the year. Amidst the parliamentary ping-pong between Labor's hard-sell of its tax cuts and the Coalition's alarm at convicted immigrants on the loose, it's become clear all sides are keeping a close eye on another issue which could prove to be a far more powerful vote driver: …

It will take years to fix Australia's housing problems. But how long do you have?
1 year ago

It will take years to fix Australia's housing problems. But how long do you have?

ABC  

For anyone trying to live with dignity in a tent or car right now, or struggling to cope in an awful private rental market, our housing crisis can't be fixed quickly enough. To start with, Australians were told in December 1943 of the federal government's plan to embark on an unprecedented home-building program after the war. Courier Mail's December 8, …

Is the record level of migration fuelling inflation and the rental crisis?
1 year, 1 month ago

Is the record level of migration fuelling inflation and the rental crisis?

ABC  

Rye Yang came to Australia in search of a new life, but they didn't have the best start. Key points: An influx of migrants is driving up rental demand in major cities Rising rents are one of the key contributors to inflation The RBA thinks high rent inflation will remain "elevated for some time" “I have never in my life …

Queenslanders displaced by housing crisis facing increased risk of poor mental health
1 year, 3 months ago

Queenslanders displaced by housing crisis facing increased risk of poor mental health

ABC  

For the past three years, Steve Klinge has lived a "lonely, secluded" existence, hours away from the region he calls home, his family, and his vital medical appointments. Key points: Queenslanders forced to relocate due to the housing crisis are at risk of poor mental health Queenslanders forced to relocate due to the housing crisis are at risk of poor …

Housing demand seems insatiable, but home builders are collapsing amid 'profitless boom'
1 year, 3 months ago

Housing demand seems insatiable, but home builders are collapsing amid 'profitless boom'

ABC  

Two major building companies have gone into liquidation in as many months in South Australia, leaving hundreds of home buyers in limbo, their unfinished properties left looking like ghost towns. A recent industry snapshot from the HIA reported that South Australia was "the only state to see an increase" in new home sales in July. Mr Malinauskas said data showed …

No campaign accused of misrepresenting First Nations commentators in youth-targeted advertisements
1 year, 7 months ago

No campaign accused of misrepresenting First Nations commentators in youth-targeted advertisements

ABC  

CheckMate is a weekly newsletter from RMIT FactLab recapping the latest in the world of fact checking and misinformation. "The redevelopment will also achieve a minimum 10 per cent increase in social housing at the site and help tackle housing affordability in Victoria, particularly in inner Melbourne," the spokesperson said. "Social housing is an umbrella term that in Victoria includes …

What's in the federal budget to help ease the housing affordability crisis?
1 year, 8 months ago

What's in the federal budget to help ease the housing affordability crisis?

ABC  

Whether you're trying to keep up with runaway rent increases, hoping to break into the market for the first time, or struggling to budget for mortgage repayments, it's clear Australia is in the midst of a housing affordability crisis. Photo shows An African lady smiling in her new social housing residence The Parliamentary Budget Office warns phasing out property tax …

From working visas and migration to inflation, defence and housing: it's been a week of budget night tasters
1 year, 8 months ago

From working visas and migration to inflation, defence and housing: it's been a week of budget night tasters

ABC  

A week out from the federal budget and we are into one of the more, shall we say, "mechanical" phases of the political year: when a government makes the most of the focus on all things budget-related to milk every possible policy pronouncement for every cent it can, without necessarily outlining all the crucial details. There have been significant policy …

Housing crisis has become 'truly national', councils and housing groups say, as they call for $400m funding injection
1 year, 10 months ago

Housing crisis has become 'truly national', councils and housing groups say, as they call for $400m funding injection

ABC  

More Australians than ever are living in cars, caravans, and tents in what one advocate calls a "truly national" housing crisis, that has seen rental vacancy rates fall to their lowest level ever in both regional and capital cities. Key points: Councils and housing groups have joined to call for a funding boost to housing in the federal budget The …

How housing made rich Australians 50 per cent richer, leaving renters and the young behind — and how to fix it
2 years ago

How housing made rich Australians 50 per cent richer, leaving renters and the young behind — and how to fix it

ABC  

Compared to the rest of the world, income inequality is not particularly high in Australia, nor is it getting much worse — until you include housing. But more than half of this was chewed up by skyrocketing housing costs, with post-housing incomes climbing only 12 per cent. Housing is driving up capital income Rents used to make up just 2 …

The Australian suburbs that have recorded the largest value declines since COVID-19 hit
2 years, 1 month ago

The Australian suburbs that have recorded the largest value declines since COVID-19 hit

ABC  

It's known as the "COVID housing boom": Australia's house and unit prices went wild as the pandemic set in. Sydney's inner-city suburbs of Darlinghurst, Surry Hills, Forest Lodge and Redfern recorded the sharpest falls in median house values since the pandemic hit, CoreLogic figures show. Many economists have predicted further house price falls in 2023, with AMP's veteran chief economist …

How the pandemic triggered Australia's worst rental crisis
2 years, 3 months ago

How the pandemic triggered Australia's worst rental crisis

ABC  

Single mother Tilly Eastwood says the worst part of being priced out of the rental market isn't living in a garage with her three children. Domain's Dr Powell says "roaring" interstate migration, which became the key driver of the housing market when the international border closed, has sent Queensland's asking rents through the roof. Seven factors driving Australia's rent crisis …

The housing market seems out of control. But there are lots of things we could do
2 years, 5 months ago

The housing market seems out of control. But there are lots of things we could do

ABC  

I am dumber than our house. If you own a house, higher property prices may make you feel richer even though it's difficult to "realise" that profit. Even though there are thousands of housing markets across Australia — and prices can swing markedly even within small suburbs — most have risen at a consistent rate in recent decades. With two-thirds …

Queensland's housing crisis creating 'perfect storm' for vulnerable women
3 years, 1 month ago

Queensland's housing crisis creating 'perfect storm' for vulnerable women

ABC  

Domestic violence support groups have warned that Christmas will be a difficult time for Queensland's vulnerable women and children as low vacancy rates could force women back into unsafe situations. Key points: Rental vacancy rates remain at an all-time low in some areas of regional Queensland The rental crisis is forcing many women to return to violent homes and is …

Housing is expensive now, imagine a market with more migrants. Economists see rent, house price lift in 2023
3 years, 1 month ago

Housing is expensive now, imagine a market with more migrants. Economists see rent, house price lift in 2023

ABC  

When Australia opens its borders to migrants, already skyrocketing house prices could rise further. "If immigration were to come back rapidly, we would see significant upward pressure on rents and significant upward pressure on house prices," says AMP chief economist Shane Oliver. AMP Capital chief economist Shane Oliver predicts house prices will rise in 2023 by 5 per cent and …

Cancer patient faces homelessness in her country town amid national housing crisis
3 years, 2 months ago

Cancer patient faces homelessness in her country town amid national housing crisis

ABC  

This year Janice Williams and her husband were both diagnosed with terminal cancer and are facing their final days without a place to call home. Key points: Homelessness Australia says the pandemic has pushed more Australians onto the streets There are calls for more federal leadership and strategy to address national social housing shortages The percentage of social dwellings in …

Homeowners at all-time comfort level as renters struggle, WA housing affordability report finds
3 years, 6 months ago

Homeowners at all-time comfort level as renters struggle, WA housing affordability report finds

ABC  

Perceptions of housing affordability have improved in Western Australia but there are very different stories being told by homeowners and renters as the COVID-19 pandemic alters the property landscape. Key points: The report found median rent for a home in Perth had risen to $430 Dwelling approvals in WA rose by 118 per cent over the year to April 2021 …

Housing again at forefront of Australia's economic growth, making banks happy
3 years, 8 months ago

Housing again at forefront of Australia's economic growth, making banks happy

ABC  

That's how Commonwealth Bank's boss described Australia's economic recovery last week. Mr Comyn said about 20 per cent of first home buyers were relying on guarantors to secure their loans with CBA, and "about half of those would be guarantees provided by parents" or family members. Shayne Elliot, ANZ chief executive Last month, ANZ's economics team said house prices could …

House prices in Australia are soaring, but not because there aren't enough homes
3 years, 8 months ago

House prices in Australia are soaring, but not because there aren't enough homes

ABC  

It's tempting to think home prices are soaring because there aren't enough homes. That's 12 per cent of our houses and apartments empty — used as holiday homes and second homes, or waiting for tenants. We're chipping away at Menzies's legacy From when Robert Menzies stepped down as prime minister in 1966 until the end of the 20th century, about …

ABS data confirms a city exodus during COVID, with biggest internal migration loss on record
3 years, 11 months ago

ABS data confirms a city exodus during COVID, with biggest internal migration loss on record

ABC  

Australia's capital cities really have been losing people in record numbers during COVID. Key points: ABS data shows Australia's capital cities had a net loss of 11,200 people in the September quarter That was the largest quarterly net loss on record The quarter coincided with the end of Australia's first COVID lockdown Provisional internal migration data from the Australian Bureau …

Homelessness crisis looms as Western Australia's coronavirus rental moratorium due to expire
3 years, 11 months ago

Homelessness crisis looms as Western Australia's coronavirus rental moratorium due to expire

ABC  

Thousands of West Australians could be pushed to the brink of homelessness within three months when a moratorium prohibiting rent increases expires, one of the state's leading homelessness support groups warns. Key points: Western Australia records its lowest ever rental vacancy rates A moratorium imposed last year to prohibit increasing rent on existing leases during COVID-19 expires on March 28 …

The housing market was going to drop 30pc during the pandemic but instead many areas are booming
3 years, 11 months ago

The housing market was going to drop 30pc during the pandemic but instead many areas are booming

ABC  

It seemed like the worst possible year to break into the housing market. Key points: Experts predicted COVID-19 would bring about a 30-per-cent drop in the housing market Instead, many people took advantage of "extraordinarily" low interest rates and stimulus packages and entered the market Some say the current market is here to stay for a little while, but that …

Australian property bubble hasn't yet burst, but can house prices keep rising amid the pandemic?
4 years, 2 months ago

Australian property bubble hasn't yet burst, but can house prices keep rising amid the pandemic?

ABC  

After years of dire predictions that Australia's property bubble could burst, national house prices continue to withstand the otherwise devastating impact of the coronavirus pandemic, and once again the doomsayers have been proven wrong. It's a question I asked AMP Capital chief economist Shane Oliver, who in late March at the onset of the pandemic in Australia, had warned that …

House prices to bounce back in 2021 after modest falls during coronavirus pandemic, CBA predicts
4 years, 4 months ago

House prices to bounce back in 2021 after modest falls during coronavirus pandemic, CBA predicts

ABC  

Australia's biggest home lender says house price falls so far during the pandemic have been surprisingly small, and its internal modelling is predicting a quick rebound everywhere except Melbourne. Key points: CBA is now forecasting a 6 per cent fall in capital city property prices due to COVID-19, down from 10 per cent initially But the bank warns that Melbourne …

States have to ensure adequate housing amid the pandemic
4 years, 4 months ago

States have to ensure adequate housing amid the pandemic

Al Jazeera  

Upholding the right to housing is more urgent than ever as the pandemic has worsened housing crises across the world. With this unambiguous position adopted by governments, I was certain we would see the global housing crisis tackled with the urgency that is in fact warranted when a human right is violated en masse. I assumed that in keeping with …

Seeking political stability, good quality of life, 1 in 4 people likely to move house in next 12 months due to Covid-19
4 years, 5 months ago

Seeking political stability, good quality of life, 1 in 4 people likely to move house in next 12 months due to Covid-19

Hindustan Times  

One in four people worldwide are more likely to move home in the next 12 months as a result of COVID-19 pandemic with most of them seeking a different property in the same location, according to the Knight Frank Global Buyer Survey released on Wednesday. Besides, buyers expect property prices to decline over the next 12 months although 53% of …

Housing market could still see major recession to come as coronavirus ravages economy
4 years, 5 months ago

Housing market could still see major recession to come as coronavirus ravages economy

ABC  

In ordinary times, they're inseparable. Housing demand in the dumps Only a few months back, normally sober commentators were predicting a housing market crash of up to 30 per cent. Still, late last week, ratings agency S&P predicted a 10 per cent drop in our housing prices nationally as the virus numbers gathered pace in Victoria. Housing credit numbers released …

Home prices ease in July but there are warnings of bigger falls ahead
4 years, 5 months ago

Home prices ease in July but there are warnings of bigger falls ahead

ABC  

Australian home prices fell 0.6 per cent last month, with the biggest declines in Melbourne as the impact of the second wave of COVID-19 was being felt. Key points: Home prices nationally fell 0.6 per cent in July, with a 0.8 per cent average decline for capital cities and flat prices in the regions Melbourne and Sydney had the biggest …

How bad is COVID for house prices compared to other great crashes of history?
4 years, 6 months ago

How bad is COVID for house prices compared to other great crashes of history?

ABC  

Experts say a decline in Australian house prices since the beginning of the COVID-19 pandemic is not yet anywhere near as steep as other historic market crashes, but this time there's little ammunition left to blast the economy — and the real estate industry — out of a trough. "Through the second half of 2019 the market was very much …

Why Melbourne's public housing towers have 'explosive potential' for coronavirus to spread
4 years, 6 months ago

Why Melbourne's public housing towers have 'explosive potential' for coronavirus to spread

ABC  

Nine Melbourne public housing estates are in their third day of a "hard lockdown", brought about by fears coronavirus has the "explosive potential" to spread within the units. "Those towers have a large concentration of people in a small area," acting Australian Chief Medical Officer Paul Kelly said on Sunday. Victorian Public Tenants Association executive officer Mark Feenane said while …

The construction sector is set for a post-coronavirus boost, and your next home renovation project could benefit
4 years, 7 months ago

The construction sector is set for a post-coronavirus boost, and your next home renovation project could benefit

ABC  

The Federal Government has flagged extra support for the residential construction sector amid fears of a major slowdown caused by the coronavirus pandemic. The Master Builders Association says the lag time between a project being signed off on and construction starting means it usually takes six months for the biggest impacts of an economic shock to be felt, and that …

Can Australia build its way out of the coronavirus economic slump, with public housing the priority?
4 years, 7 months ago

Can Australia build its way out of the coronavirus economic slump, with public housing the priority?

ABC  

With Australia's remarkable success to date in limiting the health crisis caused by COVID-19, attention is turning to what a recovery from economic impact of the virus might look like. The fact that the Victorian initiative has been labelled the state's "biggest spend on social housing since the global financial crisis" tells us something: social housing seems to get priority …

Why COVID-19 WON'T make houses more affordable for young, first-home buyers despite economic crisis
4 years, 7 months ago

Why COVID-19 WON'T make houses more affordable for young, first-home buyers despite economic crisis

Daily Mail  

The coronavirus crisis is unlikely to make real estate affordable for young, first-home buyers despite predictions of double-digit price falls, experts say. In Sydney, just 1.4 per cent of home sales in May were forced or urgent, the same level as February before the COVID-19 lockdowns, property sales website Domain has revealed. Distressed sales rates Sydney: 1.4 per cent Melbourne: …

Coronavirus may take home ownership further out of reach for younger Australians
4 years, 8 months ago

Coronavirus may take home ownership further out of reach for younger Australians

ABC  

Home ownership has been out of reach for many younger Australians for years now, but new research paints a disturbing picture of how coronavirus may exacerbate this problem. Key points: More than half of households aged under 60 could be renting in 20 years Researchers fear poverty later in life for those who rent House prices falling during the coronavirus …

The housing bust and why it's likely to continue
5 years, 8 months ago

The housing bust and why it's likely to continue

ABC  

That's the problem with tearaway booms. That's because the housing market is being undermined by two potent forces; much tighter credit conditions and a looming supply glut. On Friday, the Reserve Bank cast aside its longstanding "she'll be right" attitude with a laundry list of worries about the local economy; many of them sheeted back to the state of our …

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