Tag Archives: Oliver Frankel

OLIVER FRANKEL. Sydney house prices – an increase of 18.9% in one year!

With only a month to go to the federal budget, the news that Sydney’s median dwelling prices rose by 18.9% in the 12 months to March is sobering. It is surely enough to jolt the Turnbull government into finally adopting … Continue reading

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OLIVER FRANKEL. Saul Eslake’s well timed warnings help inform the housing affordability debate

Saul Eslake, one of Australia’s most highly respected independent economists, has sounded some sobering warnings about the impact of declining rates of home ownership (and rising levels of mortgage debt) on Australia’s retirement income system. He has also once again … Continue reading

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OLIVER FRANKEL. Victoria’s recent housing affordability initiatives.

Victoria’s Labor Government has made clear its determination to do something about housing affordability, recently announcing a suite of reforms – many aimed at first home buyers. The changes are for the most part designed to boost supply of homes … Continue reading

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OLIVER FRANKEL. Making housing affordable – Drawing inspiration from India and Singapore

Not many of those following the housing affordability debate in Australia would think of looking to India and Singapore for inspiration, yet the experiences of each of these countries are inspiring in their scale and ambition (and in Singapore’s case, … Continue reading

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SUSAN RYAN, OLIVER FRANKEL, JOHN MENADUE. Upcoming series on Making Housing Affordable.

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

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OLIVER FRANKEL. Making housing affordable. Vancouver’s new “Empty Homes Tax”

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

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OLIVER FRANKEL. Focusing on supply only will not solve the affordable housing crisis

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

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OLIVER FRANKEL. Sydney second to Hong Kong in housing unaffordability

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

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OLIVER FRANKEL. Short-term leases – salt in the wounds of unaffordability for long-term renters

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

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OLIVER FRANKEL. Sharing our space (Part 2) – implications for housing affordability

Sharing our space undoubtedly makes accommodation more affordable for those willing to share, albeit with some sacrifice in privacy. 

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OLIVER FRANKEL. Sharing our space (Part 1) – the sharing economy and beyond

Part 1 – Part 2 will be published tomorrow. Space sharing is an important part of the fast-growing sharing economy. New co-living paradigms are emerging which could have significant implications for the way we live and the type of housing … Continue reading

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OLIVER FRANKEL. Exploiting our under-used housing capacity – a way to ease the affordable housing crisis

The substantial under-used capacity within our existing residential built environment offers a quick, and capital light, opportunity to ease the affordable housing crisis. … There are an estimated 90,000 properties empty in Sydney and 83,000 in Melbourne. 

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OLIVER FRANKEL. When does housing become unaffordable?

Affordable housing has become one of the most hotly debated social problems of our time, yet there is no consensus on how to identify when it exists, let alone its root causes and how to fix it.

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