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Category Archives: Housing
NICOLE GURRAN and PETER PHIBBS. Housing policy is captive to property politics, so don’t expect politicians to tackle affordability.
Prime Minister Malcolm Turnbull’s recent warnings that house prices would fall steeply under a Labor government confirm the underlying politics of housing policy in Australia. The default position for politicians is to sound concerned about housing affordability, but do nothing. … Continue reading
The failure of the market to provide housing for all who need it is compounded by several political failures.
Housing investors have largely crowded out first-home-buyers from the Sydney and Melbourne housing markets. The Coalition Government has not simply failed to address this problem; its policies have been the principal cause.
After Easter, Pearls and Irritations plans to publish a series ‘Making Housing Affordable‘ addressing key aspects of the housing crisis and recommending solutions, with contributions from a range of experts and other key stakeholders, including economists, planners, demographers, housing providers … Continue reading
Vancouver’s response to the housing affordability crisis, now includes a new Empty Homes Tax at 1% per annum of the value of each empty home covered. Australian reports suggest that there may be 90,000 empty dwellings in Sydney and 83,000 … Continue reading
PETER PHIBBS and NICOLE GURRAN. Why housing supply shouldn’t be the only policy tool politicians cling to.
If politicians were serious about the affordability crisis, they would be trying to support the important but underfunded affordable housing sector. Better targeting tax breaks towards new and affordable rental housing, rather than fuelling demand for existing homes, would also … Continue reading
Older Australians are enjoying a growing share of Australia’s wealth; the wealth of younger Australians has stagnated. Structural changes to the labour market threatens to leave more young people in low wage, precarious work than any generation before them, and … Continue reading
Markets are displacing society and community. Exclusion is winning out over inclusion.
There is now widespread recognition in the echelons of government, both Federal and State, that we face an affordable housing crisis. However, there is still no consensus about how to solve it. The Coalition insists the problem can be … Continue reading
Demographia International’s latest (13th) annual International Housing Affordability Survey provides yet more evidence of the burning issue of housing affordability in Australia, particularly in our largest cities. Sydney ranks second most unaffordable, and Melbourne is only a few places behind … Continue reading
An increasing number of Australians are being forced into long-term rental accommodation, unable to afford the prohibitive and ever-increasing cost of home ownership. In the private rental market, heavily debt-laden, individual landlords are the norm. Their short-term investment outlook deprives … Continue reading
We need to change the way we do charity and welfare; we’re out of kilter: lots of giving and receiving of things, but too little giving of ourselves – we just don’t have the time. It hardly needs saying, “People … Continue reading
The 2016 Intergenerational Report from Treasury predicted that by 2050 the numbers of people in Australia over 65, currently nearly a quarter of the population, will have doubled. Average age expectancy will be over 95 for women and men. Where … Continue reading