The five international models we examined would have prevented excessive rent increases and helped many renters stay in their homes.
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We found people who own their home outright were 1.5 times as likely to be highly satisfied with life as renters. But it can be a different story if you have a mortgage – especially if you’re 50-plus.
Grattan Institute calculations suggest that the 200,000 homes the state and territory leaders have agreed to build over five years will result in billions in savings for renters.
Small suburbs have a track record of blocking new housing. Two urban policy experts explain why that’s a problem and what metro areas could do about it.
Brisbane rents are up nearly 50% more than the national average and homelessness in Queensland is increasing at the fastest rate in the country. The state can take several steps to turn things around.
High home prices are boosting inheritances, meaning positions in society increasingly owe more to which family you’re born into than to talent or hard work. But there are solutions.
For homebuyers, there’s no interest rate relief in sight just yet. Here’s why.
Inflation remained near a 40-year high due to a jump in the cost of food and shelter. But that might not mean the Federal Reserve will get more aggressive when it comes to monetary policy.
The pledge to build 30,000 homes over the next five years exposes the government’s inaction, but it’s still only a fraction of the number Australians need.
Analysis of online listings on common online platforms shows even modest reductions in Airbnb listings increased supply of longer-term rentals. The result was lower local rents.
Of the students with jobs, 60% lost them and and two-thirds of the rest had hours cut. As they struggled, and often failed, to get rents and tuition fees reduced, precarious lives became even harder.
Once rent is paid, having to live on only $14 a day doesn’t cover the costs of job seeking. The evidence of the need to increase Newstart and Rent Allowance is overwhelming.
The government has had to rethink its roll-out of Universal Credit – but small tweaks to the system won’t prevent people on housing benefit from being evicted.
It’s now clear that a single American company, Airbnb, has upended local housing markets, pushed rental prices skyward and could be contributing to poverty, especially in cities popular with tourists.
Top contributors
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Program Director, Economic Policy, Grattan Institute
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Deputy Program Director, Economic Policy, Grattan Institute
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Professor of Housing Research and Policy, and Associate Director, City Futures Research Centre, UNSW Sydney
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Senior Research Fellow, Acting Director, CHETRE, UNSW Sydney
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Research Associate, Centre for People, Organisation and Work, RMIT University
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Adjunct associate, Swinburne University of Technology
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Urban law and governance, infrastructure researcher; professor of socio-legal studies, University of Toronto
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Research Associate in Housing Studies, University of Sydney
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Professor, Anthropology and Cultural Studies, University of Sydney
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Research Fellow, Department of Behavioural and Social Sciences, University of Huddersfield
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Professor of Policy and Society, Department of Government and International Relations, University of Sydney
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Postdoctoral research fellow, Western Sydney University
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Associate Professor of Sociology, Macquarie University
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Adjunct Fellow, Sociology, Macquarie University
