Housing News Digest
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
Hunt promises ‘record’ response to aged care royal commission in budget
Rachel Clun The Sydney Morning Herald (Paywall)Health Minister Greg Hunt says the government wants its response to the aged care royal commission to make a fundamental and material difference to the sector, which will receive at least $10 billion over four years in Tuesday’s budget.
https://www.smh.com.au/politics/federal/hunt-promises-record-res…
# Australia, Housing market, Older people.Federal budget 2021: HomeBuilder unleashes $30b construction boom – but it won’t last
Kate Burke Domain (No paywall)A $30 billion residential construction boom has been unleashed by the federal government’s HomeBuilder scheme, but the current run in prices and activity is not expected to last.
https://www.domain.com.au/news/federal-budget-2021-homebuilder-u…
# Australia, Federal Government, Home ownership, Housing market.Canberra gains more than a dozen 'million-dollar suburbs' in two years as house prices rise rapidly
Isaac Nowroozi ABC (No paywall)If you are trying to enter the Canberra property market and feel it is getting much harder, much quicker — you are right.
https://www.abc.net.au/news/2021-05-10/canberras-new-million-dol…
# Australia, Housing affordability, Housing market, Landlords and agents.Hopeful buyers need to save thousands of dollars to keep their 20 per cent deposit
Tawar Razaghi Domain (No paywall)Potential home buyers who have been searching for a property since last year would need to have saved up to $1586 extra a week in deposit money to keep up with the pace of price rises, new analysis shows.
https://www.domain.com.au/news/hopeful-buyers-need-to-save-thous…
# Australia, Home ownership, Housing affordability, Housing market.Protesters demand 3600-unit wetlands project be sent back to drawing board
Tony Moore The Sydney Morning Herald (Paywall)The Queensland government should call in the controversial Toondah Harbour proposal – to build 3600 units on internationally recognised wetlands at Cleveland – because it now varies considerably from the way it was first explained to the Redland community, critics say.
https://www.smh.com.au/politics/queensland/protesters-demand-360…
# Australia, Housing market, Planning and development, State Government.Federal Budget 2021: All the major property tricks for first homebuyers explained
Stuart Marsh 9 News (No paywall)First home buyers trying to enter Australia's red-hot property market are set to be offered some relief under a number of new initiatives announced in this year's Federal Budget.
Despite property prices rising at the fastest month-on-month rate in 33 years, Treasurer Josh Frydenberg told the parliament that "under the Coalition, home ownership will always be supported".
https://www.9news.com.au/national/federal-budget-2021-first-home…
# Australia, Affordable housing, Federal Government, Home ownership, Housing market.'Fear of missing out' fuels record house prices in April
BBC (No paywall)From the United Kingdom ... Prices are up 8.2% in the last 12 months, the highest annual growth rate for five years ... Altura mortgage broker Rob Gill said "fear of missing out" (FOMO) was driving the surge. "There's a fear among buyers that they could miss out if they don't hurry up and buy before prices spiral," he said.
# International, Home ownership, Housing market.Housing boom ‘not expected to be sustained’ budget papers say
Jennifer Duke The Sydney Morning Herald (Paywall)The Sydney and Melbourne property boom is facing a slowdown on federal government forecasts as closed international borders and the end of grants encouraging home building hit the housing market brakes.
https://www.smh.com.au/politics/federal/housing-boom-not-expecte…
# Australia, Federal Government, Home ownership, Housing market.