It has the dubious honour of being the most expensive studio apartment on the market in Australia right now, with the compact residence carrying a $1.5 million-plus price tag. But whoever forks out a small fortune to make the bedroom-less unit their new home will have to come to termsContinue Reading
A budget of “must-haves,” not “nice-to-haves” was how NSW Treasurer Daniel Mookhey handed down his second state budget of Tuesday. While the state is forecast to record deficits over the forward estimates to 2027-28, the budget centrepiece was a $5.1bn investment to create new public housing, with half of theContinue Reading
Labor Party stalwart Doug Cameron has unleashed on governments responsible for decades of poor policy decisions that have “failed the nation”, resulting in a dire housing crisis. And he called on powerbrokers in Canberra to ignore “scare campaigns by vested interests” to reform controversial tax perks like negative gearing andContinue Reading
Australia is confronting a bleak future in which only those lucky enough to inherit “generational wealth” will be able to live in their own home, according to heartbreaking testimony from young Australians at a “people’s commission” into the country’s tightening housing crisis. The Everybody’s Home commission heard from four youngContinue Reading
Public housing tenants have taken their fight to end no-grounds evictions to the WA Supreme Court. The move could potentially stop hundreds of people from becoming homeless if the landmark case wins. Earlier this week, an amendment to the Residential Tenancies Act, which would have brought an end to no-groundContinue Reading
A leading economist has proposed a bold plan to finally solve Australia’s housing woes – and a country nearby has done something similar with great success. Cameron Murray, chief economist at Fresh Economic Thinking and author of the new book The Great Housing Hijack, said the model doesn’t need toContinue Reading
One of Anthony Albanese’s major election promises is in doubt after the Greens announced plans to kill Labor’s Help to Buy scheme unless the government meets its demands. The shared equity scheme, which would allow 40,000 first home buyers over five years the chance to co-purchase their home with theContinue Reading
They’re mostly old, mostly rich and fiercely protective of their perfect patches of inner-city dirt, willing to mount formidable challenges against anything that disturbs their peace. Whether it’s rezoning neighbourhoods to allow denser development, applications to build townhouses and units, or talk of public and affordable housing, they’re firmly NIMBYContinue Reading
Hundreds of protesters have descended on Sydney Town Hall, calling on the New South Wales government to make more commitments to public housing and fixing rental affordability in their upcoming budget. The Rally to Fix the Housing Crisis got underway early on Saturday afternoon, with crowd largely consisting of youngContinue Reading
When I first studied high school economics in 1994, we learned about “supply and demand”. You know, basic economics. When you read the media and the commentary surrounding the Australian housing market, you would think there’s only a supply side. The demand side rarely gets a mention. This narrative ignoresContinue Reading