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
Can Australian property rebound from the Coronavirus crisis?
Martin North (No paywall)Martin North’s blog Digital Finance Analytics
https://digitalfinanceanalytics.com/blog/can-australian-property…
# Australia, Housing market.Distressed sales fall to pre-pandemic levels in most cities: Domain data
Kate Burke Domain (No paywall)Urgent property sales have dropped back to pre-pandemic levels in most cities, with ongoing government support measures and extended mortgage holidays providing a buffer for those facing financial difficulty.
https://www.domain.com.au/news/distressed-sales-fall-to-pre-pand…
# Australia, Coronavirus COVID-19, Housing market.A budget of missed opportunity - not fit for the challenging times we live in
Shelter NSW (No paywall)While there are some specific encouraging announcements related to housing security in yesterday’s NSW 2020-21 Budget, overall Shelter NSW is very disappointed and concerned with the response. It is a budget of missed opportunity and not fit for the challenging times we live in.
https://mailchi.mp/shelternsw/special-ebulletin-statement-on-the…
# Must read NSW, Public and community housing.Stamp duty not the only conversation we need to have
Mark Degotardi The Sydney Morning Herald (Paywall)The focus of the NSW budget this week has been on plans to eradicate stamp duty. That's a sensible conversation to have but it yet again puts the spotlight on home ownership; it means nothing to the hundreds of thousands of people in our state who are struggling to pay the rent, let alone a buy a house. The NSW budget will stand in stark contrast to the Victorian one, due next week, which will commit a record $5.3 billion to social and affordable housing. The Victorian government has clearly recognised that investing in social housing is a win-win: it helps people and it helps the economy, through job creation.
https://www.smh.com.au/politics/nsw/stamp-duty-not-the-only-conv…
# NSW, Public and community housing, Tax.NSW Budget Delivers Some Housing Support for Most Vulnerable, But More Work To Do
NCOSS (No paywall)Read NCOSS's media release
https://www.ncoss.org.au/2020/11/nsw-budget-delivers-some-housin…
# NSW, Public and community housing.Promise of a big spend on social housing: Did the NSW budget deliver?
Jemima Mowbray (No paywall)Check the answer in the Tenants' Union of NSW blog 'This Renting Life': ‘Unfortunately yesterday's announcement on social housing investment was a little underwhelming.’
https://www.tenants.org.au/blog/promise-big-spend-social-housing…
# Must read NSW, Public and community housing, Tax.Outback NSW home sells for just $35,000, while some vacant blocks go under hammer for $1
Saskia Mabin ABC (No paywall)Getting into the property market as a first home buyer might seem like a daunting venture, but in outback New South Wales it can come as cheaply as $150. More than 80 properties went under the hammer across the far-west of New South Wales last week, with the most expensive purchase selling for just 3 per cent of Sydney's median house price.
https://www.abc.net.au/news/2020-11-03/blocks-of-land-in-far-wes…
# Hot topic NSW, Housing market, Regional NSW.Pandemic, recession, closed borders: can anything stop the Australian housing juggernaut?
Martin Farrer The Guardian (No paywall)The world is gripped by the most serious pandemic for a century, the US presidency is facing transition, but at least one thing remains certain amid all the chaos: the Australian property market keeps going up.
https://www.theguardian.com/australia-news/2020/nov/07/pandemic-…
# NSW, Coronavirus COVID-19, Housing market.