Tuesday, April 23, 2024

Tag: National

Housing Affordability: Would a Foreign Buyer Ban Make a Difference?

While home values have steadily retreated from their pandemic peak in recent months, they remain at near-record highs, posing an ongoing challenge for many Australians who want to own their own home.

In the September quarter of last year the national average home price sat at $889,800, data from the Australian Bureau of Statistics shows – 33% higher than in September 2019 ($668,800).

Joey Moloney, a senior associate at the Grattan Institute, says that the affordability of housing in Australia has been deteriorating for years though.

Read the full article at Money Magazine

House prices skyrocket and social housing collapses under the Coalition

The extraordinary prices that houses in Australia are now fetching were unimaginable just six years ago. That was before Scott Morrison became treasurer and, later, prime minister.

The values of most houses in Australia’s big cities and in some smaller cities and regional areas have more than doubled in that time.

This has locked countless first home buyers out of the housing market, probably forever, while multiplying the profits of rich property speculators.

Read Alan Austin’s full report on the Independent Australia website

Australian Housing Scheme Still Ambitious

It only took a relationship breakdown for one Victorian father to be forced into sleeping in his car or on a couch, while his children shared a room at his mother’s two-bedroom bungalow.

The daily routine of dropping off and picking up his two young children at school in the next town over from his mum’s made finding stable work challenging.

This hurdle was overcome when in 2018 the trio got a home with Habitat for Humanity, an international affordable housing organisation.

Read the full article in the North West Star.