Tag: affordability
-
Adelaide stacks up well globally, but…
Commissioned by Committee for Adelaide, the recently released report Benchmarking Adelaide provides an analysis of Adelaide’s performance and perceptions. Benchmarked against 20 of the world’s most exciting global cities, including Austin, Bilbao, Bordeaux, Portland and San Diego, Adelaide held its own against tough competition. Adelaide ranked highly for business and investment dynamics, liveability and affordability,…
-
Home affordability dominates at Labor national conference
The Help to Buy scheme start date was unveiled at the opening of the Labor conference in Brisbane on Thursday. The government will provide an equity contribution to eligible participants of up to 40 per cent for new homes and 30 per cent for existing homes. For states to participate, legislation will need to be passed…
-
Essential workers locked out of affordable housing
The figures released on Monday show Australia’s housing affordability crisis is getting even worse ahead of a national cabinet meeting on Wednesday when rental stress will be a key discussion point for Prime Minister Anthony Albanese and state and territory leaders. Kasy Chambers, executive director of Anglicare Australia which conducted the snapshot, says the numbers…
-
Spare a thought for landlords: Industry condemns ‘thought bubble’ rent freezes
The industry is facing pressure from The Greens who want a two-year rent freeze and have blocked the approval of a $10 billion housing fund until they get it. The industry said the rent freeze idea was a thought bubble. The comments come ahead of a meeting in Brisbane next week of the national cabinet…
-
Brisbane’s 43 per cent surge: House prices soar as rich help their kids into market
By comparison, Sydney would achieve 36 per cent, Melbourne 33 per cent and Perth 46 per cent. Underlining just how extraordinary the market has been, Westpac’s senior economist Matthew Hassen revised its expectations for this year for 7 per cent growth nationally, up from zero. Brisbane house prices were expected to jump 6 per cent…
-
How Brisbane’s wealthy have managed to skip the rent crisis
More than 40 per cent of the rental market increased by double digits, according to CoreLogic. But Ascot, which is by far the city’s most expensive suburb with a median house value of $2.1 million, saw rents fall 0.1 per cent in the past 12 months and the reason may be that the staggerng weekly…
-
Child care, emergency workers hit hardest by rental crisis, report says
Since March 2020, workers on award wages had lost an average of six hours from their weekly income to rent increases, according to a new report produced by the Everybody’s Home campaign. This amounts to 37 days worth of wages every year, but child care, hospitality and meat-packing workers are losing at least 40 days…
-
Falling faster and further: Brisbane house prices plunge at record pace
According to CoreLogic, Brisbane’s house values have set a new benchmark not just for the fall in values but also the speed at which they have plunged. However, the fall has yet to wipe away all the gains made when the Covid housing boom sent prices rocketing by 43 per cent on the CoreLogic home…
-
Rental crisis hits rural areas, single parents the hardest
In a report, Experian said before the Covid-19 pandemic it was well known that older age groups were more likely to live in coastal and rural areas and this was where the sharpest increases in rents have occurred since 2019. “Young people in inner cities, who traditionally bear the brunt of a competitive rental market,…