The financialisation of housing has become central to wealth creation in Australian households.
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We now value the house as a wealth builder, not just a place to live in and raise a family. The result is a distorted investment market that makes home ownership and rental unaffordable.
Despite all the proposals to combat housing affordability, Scott Morrison will need to make hard political decisions on policies that will actually make a difference.
The latest thought bubbles about using super savings for housing might be less harmful than in the past, but they would be just as ineffective.
To meet the needs of lower-income households, housing should be both affordable and located near public transport and other services.
Victoria has been lagging behind other states in developing an affordable housing strategy. Now that one has been released, how well does it meet the needs of households on lower incomes?
The homeless people evicted from Flinders Street in Melbourne’s CBD are only the tip of the iceberg of the housing crisis in Victoria.
Weak state policies, which lack clear targets and mechanisms for providing more and better affordable housing, are part of the problem. Victoria still doesn't have an affordable housing strategy.
The housing affordability crisis isn’t limited to the big cities – the Tweed Heads area, for instance, is rated worse than Melbourne in the latest survey.
The affordability crisis in regional Australia has a long history. In some places the problem is even worse for residents than in the capital cities.
The increasing proportion of children living in housing-related poverty confronts us with the question: what will we do about it?
Many children are living in low-income families that struggle to pay the rent to keep a roof over their heads. Unaffordable housing is fuelling childhood poverty, so where is the policy response?
With 700,000 vulnerable Australians depending on public housing, any proposal to change its status is likely to set off alarm bells.
The report's stated goal is to make the social housing system work better. It does not present as a manifesto for an entirely marketised and deregulated framework driven by the profit motive.
The continued preference for detached housing in new suburbs is driving Perth’s urban sprawl and means two-thirds of dwellings built over the next 15 years need to be on infill sites to meet the state’s target.
Government and industry need to demonstrate the benefits of well-designed higher-density housing. Rich residential display projects may be the ideal catalyst for creating smarter cities.
The rear of 30-32 Oxford Street, an area of Sydney affected by an outbreak of bubonic plague in 1900.
Wikimedia/NSW State Archives
New research finds almost a million Australians are living in poor or very poor-quality housing, with more than 100,000 in dwellings regarded as very poor or derelict.
A colorized 1937 photograph of a shantytown on the outskirts of Seattle.
Like Brazil's favela dwellers, America's working poor felt a sense of pride and community in their shantytowns – and desperately resisted the powerful interests that sought to demolish them.
On average, Gen Ys are $50,000 short of the deposit they expect they’ll need to buy their first home.
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Without long-term solutions to the imbalance between incomes and house prices, Gen Ys face a lifetime of renting without the financial and emotional security of home ownership.
Before entering politics, Scott Morrison was employed to develop policy for the Property Council of Australia, which is now leading the charge against negative-gearing reform.
The default position for politicians is to sound concerned about housing affordability, but do nothing. This can be explained by the idea of 'policy capture', in this case by industry interests.
A key problem with working out the impacts of negative gearing is that we don’t know exactly which properties it affects or the status of their tenants.
What if there was a middle option between retention and abolition that made negative gearing work better? There are multiple ways to improve accountability for this $8 billion-a-year tax concession.
Flaking lead paint in a home in Muncie, Indiana.
How did lead poisoning become a persistent threat in U.S. cities? Lead paint and slumlords played key roles, but so did postwar housing policies that trapped minorities in crumbling inner cities.
Housing affordability, especially in Sydney, is now a source of political protests and the NSW government has announced a funding scheme with the potential to ease the pressure.
In what looks to be a landmark policy announcement with possible national ramifications, the NSW government has outlined the first phase of a $1 billion fund to develop social and affordable housing.
Housing developers want to make a profit by maximising land value, but this presents a problem for affordable housing.
An increase in land supply is the usual solution put forward to solve the housing affordability crisis. What proponents of this argument fail to mention is that you need an industry prepared to deliver…
It worked for these people in Liverpool.
Housing People, Building Communities
With high prices and long waiting lists for existing houses, building your own home could make more sense.
Want to live here? Houses in Stanton cost £500,000 or more.
Wealthy commuters, retirees and second home owners are pricing locals out of the villages they grew up in.
Owning a home will remain just a dream for many Australians.
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Treasurer Joe Hockey doesn't believe Sydney housing is unaffordable. The data suggests otherwise.
Yes, no: the debate around Sydney’s property market is complex.
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Whether Sydney's property market is in a bubble is hotly contested, but rising indebtedness has regulators worried. Can macroprudential tools help?