Thursday, January 20, 2022

Tag: Rental affordability

Zoned Out: How Land Use Restrictions Divide The Nation

Housing policies ensure continual wealth gains for current home owners while leaving renters and potential buyers locked out of the market.

Housing policy is a battle between the haves and the have-nots. The haves are the current generation of wealthy home owners. They have enjoyed large capital gains over the past few decades and are sitting on property worth hundreds of thousands – often millions – of dollars. They support the policies that have delivered these windfalls.

The have-nots are renters and future generations of potential home owners. These groups are disproportionately young and on lower incomes.

Read the full article on John Menadue’s Pearls and Irritations

Australian house rentals smash new records

Australia’s rental market is heating up in a big way, with new data showing rental houses across the nation’s capital cities have witnessed a 3.4 per cent price increase over the final quarter of 2021.

According to Domain’s latest Quarterly Rent Report, this stark rise equates to a new set of record high prices in Australia.

It also means that 2021’s rental housing market witnessed an annual price growth of 7.4 per cent – the biggest yearly increase since 2009.

Melbourne could soon become the cheapest city for renters

…while Canberra remains the most expensive

House rents have hit record highs in every capital city in Australia except Melbourne, Perth and Darwin.

But for the first time on record, Melbourne has become the second-most-affordable capital city in Australia in which to rent a house, equal with Perth and behind Adelaide.

Melbourne could become the most affordable city in the country in which to rent a house and unit this year, if present trends continue.

Read the full article at www.abc.net.au

 

Queensland pensioners demanding government action on ‘unfair’ lifestyle village rent price hikes

Queensland pensioners living in lifestyle villages are demanding action from the government, following an extensive investigation into the multi-billion-dollar industry by 9News.

Residents claim park owners are unfairly jacking up their rents, while others allege big corporations are failing to honour their rental contracts.

“When you move into a village like this, you move in for retirement, you don’t move in to fight battles in QCAT or a court of law,” Paul Miller, a resident at Regal Waters in Bethania, said.

Read the original article on 9News.