The fine print shows its an inquiry into housing “supply”, but supply isn’t a particularly urgent problem.
Unconventional policies can be used to alleviate — instead of exacerbate — inequality, something Canadians are clamouring for. The Bank of Canada needs to rediscover its former innovation zeal.
Failing to address skyrocketing housing prices risks the future of young Australians and the financial system.
Australian data suggest that prices do not fall when zoning is relaxed.
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.
One in four Australian households now rent their homes in the private rental market. Flexibility and lifestyle are key reasons some choose to rent even if they can afford to buy a home.
Hundreds of thousands of Australians are forced into inadequate or unhealthy housing by high housing costs.
While governments focus on how to ease congestion and make affordable housing more accessible for workers in our biggest cities, fast rail could be a mixed blessing for regional cities.
Household wealth in Australia has taken its biggest dive since the global financial crisis. But it’s not all doom and gloom.
Governments should stop offering false hopes and pandering to NIMBY pressures. As well as increased public and private housing supply, growing cities need well-designed higher-density development.
The Productivity Commission neglected the impact of housing costs. After allowing for these costs, the top 10% of households’ average disposable income grew at 2.7 times the rate of the bottom 10%.
Migrants have similar home ownership rates to the overall population and rely less on public housing. But housing supply shortfalls and higher prices have reduced ownership among recent migrants.
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.
Only the national government can solve the housing crisis – but local authorities can make a big difference in their communities.
Concerns about foreign investors driving up housing prices have been growing. Australia was first to bar foreign purchases of existing residential property, but New Zealand is set to go further.
Yet again the evidence shows supply is no cure-all for affordable housing. All levels of government in Australia need to concentrate on housing for low-income renters in particular.
Only 18% of Sydneysiders think foreign investors should be able to buy property. They simply don’t accept arguments that this investment improves housing affordability by increasing supply.
New research shows the actual returns on equity for housing investors are higher than most people realise. This helps explain why investors are able to out-compete other home buyers.
People are taking on larger future risks and costs just so they can buy a house. Increases in new home owners are seen as a positive development, but what if they can’t afford the ongoing costs?