Talk of increasing the supply of housing to increase housing and rental affordability is only pedalling private financial interest and obfuscating the real problem.

During a recent appearance on the ABC’s Insiders program, the Australian Greens’ housing spokesperson, Max Chandler-Mather, cited the figure of more than 1 million vacant homes to argue the Greens’ case for curbing negative gearing and tax concessions for property investors.

Since then, media pundits have picked through the latest (2021) Census numbers in an effort to discredit his argument, all the while letting the “more supply” argument proliferate unchecked. And while the Member for Griffith may be overstating the numbers, he is not wrong in asserting that “we have enough homes for people to live in.”

Read the original article at architectureau.com

Australian parents will have to shell out increasingly large sums of money to help their children buy homes or risk them never making it onto the property ladder.

In decades past, buying a home was a relatively solitary thing, a goal set and achieved either as a single person or as part of a couple, but now buying a home has increasingly become an affair involving parents and other relatives.

According to investment and advisory group Jarden Australia, 15 per cent of borrowers are receiving an average of $92,000 from parents.

Read the original article at www.news.com.au

Forty housing and homelessness organisations have warned Australian leaders not to blame overseas migrants for government problems.

Major community services groups across Australia have signed a petition to the Prime Minister and Opposition Leader conveying their concern that new migrants are being inaccurately painted as the driving cause of the housing affordability crisis.

A total of 40 organisations, including National Shelter, the Community Housing Industry Association (CHIA) and the Federation of Ethnic Communities Councils of Australia (FECCA), wrote the letter in response to “disturbing rhetoric” linking the housing crisis to migration levels.

Maiy Azize, spokesperson for Everybody’s Home and coordinator of the letter, said that it is “nonsense to blame overseas migration as a primary driver of a housing crisis that has been decades in the making”.

Read the original article at www.realestatebusiness.com.au

In what is being described as an unprecedented housing crisis, Australia is witnessing the disintegration of the ‘Great Australian Dream’ of home ownership. The crisis, underscored by skyrocketing property prices and inaccessible home loans, is reshaping the nation’s identity and causing distress, particularly among younger generations such as Gen Z and millennials. Housing, once perceived as a right, is increasingly being treated as an investment, leaving many without a glimpse of financial independence or housing security.

Read the original article at bnnbreaking.com