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Category Archives: Housing
House prices may have finally peaked, at least in Melbourne and Sydney. But a slight cooling in some overheated cities makes little difference to overall housing affordability in Australia, which has declined significantly over the past two decades.We need a new, nationally … Continue reading
The housing affordability crisis in Sydney and Melbourne is close to the worst in the developed world. As of 2017, the ratio of median house prices to median household income in Sydney was 12.9 and in Melbourne 9.9. Only Vancouver … Continue reading
CHRISTINA HO, EDGAR LIU, HAZEL EASTHOPE. Higher density and diversity: apartments are Australia at its most multicultural.
Increasing numbers of city dwellers live in apartments. This is particularly the case for migrants. And that makes apartment buildings important hubs of multiculturalism in our cities.
Governments at both federal and state levels continue to rely on the supply of bricks and mortar to solve Australia’s housing issues. We should be focusing not only on how many buildings are supplied, but what those buildings contain – … Continue reading
2017 was hoped to have been the year of the renter. As Federal Budget 2018 ticks by, the picture remains grim for low-income renters, despite property prices having come off the boil (for now) in some capital cities.
This year’s Federal Budget delivered no vision, plan or commitment for addressing the growing housing affordability crisis, yet again failing to recognise how fundamental it is to our nation’s wellbeing to prioritise solving this problem.
No joy from Budget 2018. Governments do have the resources to tackle affordable housing shortfalls. They just don’t have the will to accord it the requisite priority. In so failing, they ignore not only the deep and lasting social costs … Continue reading
The housing affordability report card for the last 12 months is a mixed one. A welcome reduction in price and rental pressures in some capital cities is offset by rising homelessness and ongoing housing stress for those on lower incomes, … Continue reading
JOHN DALEY AND BRENDAN COATES. We can’t begin to fix our housing crisis until our leaders start levelling with the public
Governments at both Federal and State level are still avoiding the politically difficult changes that would make a real difference to housing affordability. But we won’t make progress unless our leaders eschew the popular but ineffective options in favour of … Continue reading
Budget 2018 fails the 1.5 million Australian households living in unaffordable rental housing or officially homeless, despite the urgent need for Commonwealth leadership on affordable housing policy.
Pearls and Irritations continues to publish various blogs on housing affordability, recognising that the cost of and accessibility to appropriate housing remains out of reach for a significant part of the Australian population.
Property prices have moderated in our largest cities over the past year, thanks in part to tightening of lending by APRA, and on inflows of foreign capital. There is some respite for first-time buyers, but the picture for renters is … Continue reading
The National Foundation for Australian Women (NFAW) each year prepares an analysis of the impacts of the federal budget on women. Since the Coalition government abandoned the practice of including a Women’s Budget Statement in the official Budget documents, a … Continue reading
NICOLE GURRAN and CATHERINE GILBERT. England expects 40% of new housing developments will be affordable, why can’t Australia?
Australia has record levels of supply of new properties but despite various government interventions, housing still remains unaffordable for many.
Federal Government policies are primarily responsible for the housing crisis facing Sydney and Melbourne first-home buyers and renters. Yet this Government virtually ignores fist-home buyers. Indeed it pursues policies which drive very many out of the housing market into exorbitant … Continue reading
Managing the pressured housing markets of cities such as Sydney and Melbourne poses a major challenge to governments at both state and Federal levels. As has become increasingly clear, such trajectories are wreaking serious damage for younger aspiring homebuyers and … Continue reading
Our biggest cities, Sydney and Melbourne, are growing at around 100,000 people a year causing a bevvy of commentators including, Four Corners and the Grattan Institute, to question whether Australia is in a position to sustain its historically high immigration … Continue reading
NICOLE GURRAN, BILL RANDOLPH, PETER PHIBBS, RACHEL ONG, STEVEN ROWLEY. Affordable Housing Policy Failure Still Being Fuelled By Flawed Analysis.
Australia has a housing affordability problem. There’s no doubt about that. Unfortunately, one of the reasons the problem has become so entrenched is that the policy conversation appears increasingly confused. It’s time to debunk some policy clichés that keep re-emerging.
This week on Four Corners many commentators blamed immigration for many of our ills. It was a diversionary tactic. I think that immigration is Australia’s great success story. Many of the problems that immigration cause are the result of policy failure … Continue reading
The release last month of (albeit heavily redacted) Treasury advice to the Turnbull Government on the likely effects of the policies the Labor Opposition took to the 2016 election regarding negative gearing and the capital gains tax discount once again … Continue reading
The Annual Report for 2016 of the Women’s Housing Company demonstrates solutions to the terrible and growing situation of older women facing homelessness. These solutions however continue to elude policy makers, the media and business, whose failures to recognise the … Continue reading
There are ominous signs that Australia is breaking up into different social tribes. Our claimed egalitarianism and social mobility are under serious challenge. A mixed society is the best guarantee of social cohesion and social improvement. That social cohesion arising … Continue reading
The Berejiklian government in NSW showed this last week that it could act fast. To deal with the reported discomfort of the Premier, caused for months by a tent city of the homeless situated in Martin Place just opposite the … Continue reading
Pearls and Irritations recently posted a series of articles on the theme Making Housing Affordable. The series focuses on Australia’s housing affordability crisis. Most of the articles were posted just before the Federal Budget, but a few were posted afterwards, … Continue reading
Housing affordability was to be a key focus of the Government in this year’s federal budget, according to the ‘nods and winks’ that traditionally precede the Treasurer’s budget speech. A journalist who has often been privy to the thinking of … Continue reading
The Commonwealth’s budget has a Keynesian boost for a sluggish economy, and is based on an optimistic, or even heroic, assumption that economic growth will deliver a fiscal surplus within a few years. We have heard similar claims from treasurers, … Continue reading
Budget repair was never going to be easy. That is one reason why it has taken so long with quite a few false starts. While some of the individual decisions in this Budget are debateable, overall the quality of the … Continue reading