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.
Generation Rent may force a complete rethinking of home ownership as a basis of our housing systems. Rather than representing security, these housing markets make us vulnerable.
Housing affordability is often not the only problem households face. More often the compounding effects of multiple problems leave people unable to cope, which is why one solution won’t work for all.
To tout new housing production as the only solution to rising house prices, without examining the question of demand, is an ineffective policy position.
Scott Morrison has been exploring a UK model for channelling investment via a specialist financial intermediary into new affordable housing provided by landlords with a social purpose. It makes sense.
A combination of transit-oriented centres, inclusionary zoning and a special rate on land instead of stamp duty could make housing more affordable by cutting congestion, development and travel costs.
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?
For the increasing proportion of people living in private rental accommodation who can expect to be dependent on the age pension, the prospects of financial and housing insecurity are grim.
US GDP data points to a US rate rise in December, and Australia’s housing affordability problem won’t be helped by current declining building approvals.
The government says its changes to foreign investment will increase housing supply and make it more affordable, but that’s relying on narrow and possibly incorrect assumptions about investors.
The community needs affordable housing and that requires meaningful targets for new developments. The only ones who will lose out are landholders who make windfall profits from rezoning.
While some forms of co-living seek to match modern lifestyles and a desire to downsize, other profit-driven models simply exploit a lack of affordable housing alternatives.
Treasurer Scott Morrison this week reignited the discussion about housing affordability in Australia. The question is: will the government be willing to bring forward meaningful reform?
The government will push states to remove unnecessary residential land use planning regulations that are impeding the supply of housing, Treasurer Scott Morrison will say in a major speech.
Professor; School of Economics, Finance and Property, and Director, Australian Housing and Urban Research Institute, Curtin Research Centre, Curtin University