Increasingly insecure pathways to home ownership are not just a problem for property markets. The fallout is likely to hit retirement incomes, the welfare base, gender equity and the broader economy.
Australian governments are faced with a choice: make the difficult decisions to fix planning systems so more houses can be built, or tap the brakes on Australia’s migrant intake.
While new buildings may be the glamorous eco-home pinups, retrofitting existing homes is the main game when it comes to creating energy-efficient, comfortable housing stock for all Australians.
Decent housing underpins the Closing the Gap goals, with a decade-long national remote housing program having made measurable progress. If the Commonwealth pulls out now, hard-won gains could be lost.
A new report by the Institute for Fiscal Studies shows home ownership rates have collapsed: today, just one in four middle-income millennials will own their own home.
The Victorian government isn’t alone in seeking private partners to renew public housing. What is notable is its lack of transparency by comparison with such arrangements elsewhere.
Developers will now be responsible for dealing with noise issues from nearby music venues – but it will take real community activism to prevent closures.
There is a risk that affordable housing policy may be colonised by for-profit interests if Australia imports the wrong rental housing ideas from overseas.
The odds are that we get through 2018 without war, mass capital flight, or a housing crash. But all the risks are medium probability, and the consequences could be dire.
City residents all around the world are getting together to create housing tailored to their needs and budgets, instead of being developed for maximum profit.
Local residents of St Andrews feel university growth has come at too high a cost – it’s time for local councils and universities to overcome the divide between town and gown.
The Australian government has at last taken the lead in affordable housing policy with a package of measures that should attract institutional investors hungry for low-risk returns.
Households in NSW spend the most and WA households the least in Australia, but there are segments of WA who are feeling the bite more acutely in cost of living.
Professor; School of Economics, Finance and Property, and Director, Australian Housing and Urban Research Institute, Curtin Research Centre, Curtin University
Professor of Social Epidemiology and Director of the Centre of Research Excellence in Healthy Housing at the Melbourne School of Population and Global Health, The University of Melbourne