Housing News Digest
The Tenants' Union Housing News Digest compiles our pick of items from all the latest tenancy and housing media, sent once per week, on Thursdays.
Below is the Digest archive from November 2020 onwards. From time to time you will find additional items in the archive that did not make it into the weekly Digest email. Earlier archives are here, where you can also find additional digests by other organisations.
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Archive
House prices in tourist hotspots increasingly out of reach for young and low paid
(No paywall)From the United Kingdom ... Rising house prices and private rents mean that some workers are at risk of being priced out of living in rural and coastal areas, contributing to skill shortages in the tourism and hospitality industries that their local economies rely on. (Office of National Statistics)
https://www.ons.gov.uk/economy/inflationandpriceindices/articles…
# Research alert International, Rent, Housing affordability, Housing market, Work, employment, Young people.Power to the People
Mark Mordue (No paywall)“The inner west is the boarding house capital of Australia.” So says Liz Yeo, CEO of Newtown Neighbourhood Centre. She’s down in Marrickville to pick up hampers from our Food Relief Hub. Soon enough a conversation between Yeo and Addi Road CEO Rosanna Barbero sparks ideas for a national campaign against inequality – and with it, a demand for a basic living wage. Yeo believes that “this is the moment for local action”. ... Food relief. Eviction moratoriums. Cancelling the debt on rental arrears during the pandemic. Restructuring our society with a basic living wage and greatly expanded, quality social housing. Addison Road Community Organisation and Newtown Neighbourhood Centre are talking. So are many others. (Addi Road)
# NSW, Public and community housing, Rent, Campaigns and law reform, Coronavirus COVID-19, Families, Health.Curbs on risky lending won’t solve the housing affordability crisis
Alan Kohler The New Daily (No paywall)Any day now the banking regulator, APRA, is going to do “macroprudential” policies, after the Treasurer Josh Frydenberg this week gave it a superfluous green light. It means APRA will soon tell the banks to make fewer risky loans. What, you might be wondering, are they waiting for? Why have the banks been allowed to make so many risky loans already, with the result that house prices have surged 18 per cent in the past 12 months? Good question. There are two reasons for this in my view ...
https://thenewdaily.com.au/finance/property/2021/09/30/macroprud…
# Australia, Federal Government, Housing affordability, Housing market.Welcome to the new AHURI website
AHURI (No paywall)We are pleased to launch the brand new AHURI website – delivered as part of our ongoing commitment to ensuring our research, policy analysis and housing and urban industry news is accessible to our audiences. We have made some important changes that we hope will make your experience more enjoyable, and most importantly, better connect you with the research you are looking for.
So what’s new?
https://www.ahuri.edu.au/research/news/welcome-new-ahuri-website
# Research alert Australia, Aboriginal renters, Public and community housing, Rent, Home ownership, Homelessness, Housing market, Planning and development.In Darwin, the Malak Caravan Park's rezoning could see pensioners evicted
Isabel Moussalli ABC (No paywall)For years, the KOA and Malak Caravan Park in Darwin has welcomed tourists along with more than 50 permanent residents who found affordable housing there as the city's rental prices increased. But those residents now fear they could soon become homeless as the park takes another step towards a major redevelopment.
https://www.abc.net.au/news/2021-09-29/malak-caravan-park-rezoni…
# Australia, Land lease communities, Homelessness, Older people.Regulators poised to intervene in Sydney, Melbourne property boom
Jennifer Duke and Shane Wright The Sydney Morning Herald (Paywall)Sydney and Melbourne home buyers face tougher lending standards within months amid warnings the surge in super-sized mortgages to buy into expensive suburbs is outpacing income growth. House prices in the nation’s two largest capital cities have risen by hundreds of dollars a day this year and a new survey shows property industry experts are expecting this growth to continue over the next 12 months.
https://www.smh.com.au/politics/federal/regulators-poised-to-int…
# Australia, Coronavirus COVID-19, Home ownership, Housing market.‘A little bit scary’: Meet the single mum buying a house with a 2 per cent deposit
Sezen Bakan The New Daily (No paywall)Single parents battling soaring house prices are climbing onto the property ladder with ultra-low deposits. A number of government incentives is making it possible, even as Australian home buyers suffer the worst affordability crisis in more than a generation.
https://thenewdaily.com.au/finance/2021/09/27/house-family-home-…
# Australia, Federal Government, Home ownership.House price growth to slow, one way or another
John Collett The Sydney Morning Herald (Paywall)The madness of rising house prices cannot be allowed go on. Apart from higher prices making it harder for our kids to get into the property market, there is the broader impact on the economy. Ever bigger mortgages simply mean less of our wealth is used for productive pursuits, such as capital going into new start-ups that employ people, or invested in companies working on cures for diseases.
https://www.smh.com.au/money/borrowing/house-price-growth-to-slo…
# Australia, Home ownership, Housing market.