Both major parties’ schemes would put upward pressure on house prices – but not much. Here’s why, according to a former Australian Treasury official.
The new rules limiting what banks can lend are aimed at real estate investors. APRA believes they’ll have little impact on first home buyers.
Luxe Listings Sydney is a hit; MTV Cribs is making a comeback. We all want a taste of how the other half live.
Grants to home buyers could cost the federal government billions without creating any extra jobs in construction. Investing in social housing is a better approach.
Having a public playground in your neighbourhood can add value to your property.
A particular brand of climate denial among coastal property owners presents a conundrum for councils and governments trying to plan for sea-level rise.
Value capture depends on infrastructure increasing the value of affected areas in the first place. Victoria’s level crossing removal project shows the impact on property values can be significant.
Record low interest rates will almost certainly drive up property prices. But they will also drive down unemployment and boost investment generally.
The cost of land and, in turn, housing forces people to buy into the rules of market capitalism, making it very hard to ‘downshift’ from consumer lifestyles. But what if we rethink public housing?
The thing about new housing is you need land to build it on. Developers are able to control its release at a rate that doesn’t put downward pressure on prices.
Property prices have soared in the past decade, but much more modest increases in rent, with the exception of Sydney, suggest less of an imbalance of supply and demand for housing as a place to live.
You’d perhaps expect property investors not to mind foreign investors who might push up prices. More surprisingly, house hunters are also more supportive than those who are not looking to buy.
A tax on empty homes will make a modest difference to housing affordability. The sheer wastefulness of our housing system calls for something much more ambitious.
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.
The housing affordability measures in this budget involve not much more than tinkering.
About 84% of cranes in Australia are used on residential sites, with commercial projects making up 5% of crane activity. Health, education, infrastructure and recreation projects make up the rest.
If the stars align, consumers will benefit from increased economic activity in the short term. And if they don’t, then the economic recovery will have consumers saving more in uncertain times.
Do affordable housing projects drive down property values? Does neighbours’ quality of life suffer? Case studies in Brisbane and Sydney suggest such fears aren’t justified.
New research finds higher property prices are associated with higher household income and spending inequality.
Property inequality keeps on growing, stopping it will take strong principles and brave politicians.