The fine print shows its an inquiry into housing “supply”, but supply isn’t a particularly urgent problem.
A single open-air car park takes up land that could potentially house hundreds of people.
Australia faces economic problems down the road if three big, structural reform areas — housing affordability, the tax mix, and decarbonisation — are not addressed.
The fact that Canadian house prices have risen far beyond rental rates tells us that it’s due to financial factors alone — not a lack of supply. House prices are asset prices.
Most of the budget’s housing measures shuffle the queue, rather than increase the number of homes.
Without making housing supply the priority, the government’s tax-based policies create more objectives than they can reasonably achieve.
Failing to address skyrocketing housing prices risks the future of young Australians and the financial system.
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.
Understanding the experiences of van dwellers is important not just for those looking to cut their ties to rents and mortgages, but also for community planners and employers.
The fallout from COVID-19 for housing and homelessness just adds to the urgency of fixing the long-standing ills of the housing market. The well-being of Australia’s economy and people depends on it.
High rents and insecurity are constant sources of financial and emotional stress for low-income women. They describe what it’s like struggling to survive and being one step away from being homeless.
It’s time to reform stamp duty, one of the most inefficient and distorting taxes collected by Australia’s state and territory governments.
The hotspots in Melbourne align with areas of significant housing and financial stress.
You’d think falling housing prices might help people on low incomes, but history shows downturns often increase inequality. And many buyers who took out big loans during the housing boom are at risk.
In Atlantic Canada, leaders must avoid the mistakes made in the country’s largest cities where people are being pushed out due to high housing prices.
Millions of Australians are struggling with unaffordable housing. It’s a systemic problem that’s been decades in the making, and only concerted system-wide reforms will fix it.
Tracing politicians’ use of the term ‘housing crisis’ reveals it came into common use only in recent years, and then only by opposition MPs. Governments prefer to frame the issues differently.
After paying rent, more than half of low-income tenants don’t have enough left over for other essentials. And the latest evidence shows nearly half of them are stuck in this situation for years.
Record low interest rates will almost certainly drive up property prices. But they will also drive down unemployment and boost investment generally.
Labor’s rental affordability scheme had its problems, but let’s not throw the baby out with the bathwater.