Tag: housing affordability
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Australian Housing Market 2025: What Buyers and Investors Need to Know
As the Australian housing market 2025 continues to unfold, buyers, investors and renters alike are closely watching shifts in supply, pricing and demand across major cities. With interest rate stability on the horizon and population growth putting pressure on housing stock, the next 12 months are shaping up to be pivotal. National Trends Shaping the…
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Australian economy a “walking dead of debt”
Australia’s economy is on a crash course with a major downturn in fortunes due to mounting unsupported debt. Professor Steve Keen has branded the country a “walking dead of debt” as a result of government interventions to artificially prop up the housing market and mounting household debt. Professor Keen’s remarks come as tensions continue to rise…
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Government considered housing tax breaks in early 2016
Despite a new Federal Government housing affordability package expected for the next budget, the impact of tax breaks in the housing market was formally examined and rejected by the Federal Cabinet as early as February 2016. The Coalition Government responded to investigations into the possibility last year by launching direct and staunch opposition to Labor’s proposals for…
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Australian housing prices continue to rise
Core Research has announced a 3.7% rise in Australia’s housing market prices since January. Sydney dominated the Australian property market, with the highest increase of 5.3%, with Melbourne close behind with a respectable 4.4% rise. Only Perth has recorded a decrease in housing prices, which fell 1.1%. Sydney has long held the title of Australia’s most unaffordable…
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Victoria criticises Federal Government on home ownership
The Victorian government has today launched an attack on the federal government, accusing them of not acting sufficiently to arrest the decline in home ownership levels. With a meeting of the nation’s treasurers scheduled to take place today in Canberra, the home ownership problem is set to dominate the agenda. The Victorian Treasurer, Tim Pallas,…
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Housing prices surge in Sydney and Melbourne
Housing prices have surged again, hitting their highest point since the early 2000’s. This represents the quickest annual growth seen on the housing market in over a decade. Unfortunately for first time owners, investment property buyers are buying properties in the countries’ two most populous cities, Sydney and Melbourne. This is due to the Reserve Bank cutting interest…
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Sydney’s housing is second most expensive globally
Sydney has been ranked the second most expensive housing market in the world, according to a study by research company Demographia. The study ranked Hong Kong as the most unaffordable city in the world, followed closely by Australia’s biggest city. Demographia’s 2017 International Housing Affordability Survey comes at a time of great concern for the future of Australian…