Budget 2017: government still tinkering with housing affordability
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The housing affordability measures in this budget involve not much more than tinkering according to: Richard Holden, UNSW It’s unsurprising that in the lead-up to this year’s federal budget there was a lot of discussion about housing affordability as its centrepiece. Over the past 20 years price-to-income and price-to-rent ratios have doubled. Sydney’s price-to-income ratio…

Housing Affordability: Baby Boomers vs. Gen Y
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Inter-generational arguments over affordability have again become salient in the media. Characterisations of moaning millennials were made by economist Stephen Koukoulas, prompting a response from young writer Osman Faruqi that baby boomers should choke on my soy flat white. Confusion around the severity of housing affordability arises because dwelling prices change daily, yet the institutional…

Home Ownership More Affordable - Believe It Or Not
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Maybe home ownership is more affordable than some suggest. A new report has revealed home ownership in Australia has become more affordable since 2011, while renting has become more expensive. It’s a good reason for young people to consider buying a home rather than renting to boost their wealth, according to Amanda Watt, the head…

Supply vs. affordability
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Increasing housing supply won’t improve affordability, a recent report suggests. In fact, some data in the report suggests prices might even rise during periods of increased supply. Bunkum! This rumour is based on an address at Sydney University Sept 9th advertised as: “Why building more houses won’t fix Sydney house prices.” The keynote address was…

The Issue of Housing Affordability
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Housing affordability is back on the agenda, according to the latest ANZ economic insight report. Low mortgage rates and soft rental growth have improved housing affordability for mortgage holders and renters. On the flipside, strong price growth has ensured house deposit affordability is at an all-time low. As an understanding of supply and demand is vital to successful property investment, it…

Where are the affordable middle-ring suburbs?
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Complementing the most affordable inner city suburbs release, here is the CoreLogic RP Data output which offers up where buyers can find affordable capital city middle ring suburbs. A middle-ring suburb is classified as being between 10 and 20km from the city centre and where typically, more affordable housing exists as opposed to the inner–city suburbs. For houses, lot…

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