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
Sirius Redevelopment Launch Takes Over $400m
(No paywall)It was once home to some of Sydney’s most vulnerable, but brutalist icon the Sirius building has been reimagined as luxury residences and more than $400 million worth of sales were made at a launch event at the weekend. CBRE senior director of residential Ben Stewart said three penthouses were sold on the weekend and that there were only 17 or the building's 76 apartments remaining. ... Its penthouse sold for $35 million last week. A second penthouse was sold for $19 million to a buyer from Coogee, netting JDH Capital $54 million. The larger $35-milliopn penthouse was built as a pod on top of the pre-existing building with a floorplate of 311sq m, and sold at $112,540 per square metre. (The Urban Developer)
https://www.theurbandeveloper.com/articles/sydneys-400m-appetite…
# NSW, Public and community housing, Housing market, State Government.Swedish Prime Minister Stefan Lofven loses confidence vote over housing crisis
ABC (No paywall)Stefan Lofven, Sweden's Social Democratic prime minister since 2014, lost a confidence vote in parliament on Monday amid a housing crisis and skyrocketing real estate prices, making him the first Swedish government leader ever to lose such a motion. The vote was initiated by the small Left Party, an ally of the minority government that is not in the two-party centre-left coalition but had provided votes to pass the government's legislation. ... The Left Party said it lost confidence in Mr Lofven over a proposal to abolish rent controls on newly built properties. Sweden has strict regulations on rents aimed at maintaining affordable prices in larger cities.
https://www.abc.net.au/news/2021-06-22/sweden-prime-minister-ste…
# International, Rent, Housing market.Social housing rescued me when I fled domestic violence in 1970s Australia. That safety net has long gone
Anonymous The Guardian (No paywall)The wait time of more than 10 years for social housing is unacceptable. Women and children fleeing abuse have nowhere to run ... The author escaped domestic violence with her three small children in the 1970s. She is retired and volunteers in her community. She still resides in social housing. She says: 'I am forever grateful that social housing “rescued” me and my family.'
https://www.theguardian.com/commentisfree/2021/jun/21/social-hou…
# NSW, Domestic violence, Public and community housing, Women.New Queensland rental laws could cost landlords and tenants, industry warns
Melissa Heagney Domain (No paywall)Landlords in Queensland could face some hefty bills to fix rental properties that don’t meet the minimum standards being proposed under new rental-reform laws. But tenants’ advocates say most people living in substandard rentals won’t complain to landlords to get them fixed because they fear they will be evicted. The minimum standards are being introduced as part of new laws introduced into Queensland Parliament late last week, with landlords being required to provide working locks on all windows and doors of their properties.
https://www.domain.com.au/news/queenslands-new-rental-laws-could…
# Australia, Rent, Repairs, Housing market, Landlords and agents, Minimum habitability standards, No-grounds evictions, State Government.Old Canberra a model of cheap land and government housing
Jack Waterford Pearls and Irritations (No paywall)Canberra was once in a position to show how ordinary working Australians could get into the housing market at a fair price. That fair price, in today’s terms, was about a third of current prices. ... Those who won’t inherit and can never open the door to housing are trapped in poverty. Addressing this with housing help is cheaper than leaving them houseless; and even then they will not be getting the public subsidies housed Australians are getting.
https://johnmenadue.com/old-canberra-a-model-of-cheap-land-and-g…
# Australia, Public and community housing, History, Housing affordability, Planning and development.NSW doubles down on land tax plans, even as stamp duty windfalls prop up the budget
Ian Verrender ABC (No paywall)... a quick forage through the accounts reveals a set of books overflowing with the proceeds of one of craziest property booms in history. ... Which makes it all the more baffling as to why Mr Perrottet is so determined to overhaul the system, to replace stamp duty with an annual land tax. From an efficiency and economics viewpoint, it makes perfect sense.
https://www.abc.net.au/news/2021-06-22/nsw-budget-sydney-propert…
# NSW, Housing market, Tax.Affordable rental initiative gives landlords tax deduction for discounted rents
Kate Burke Domain (No paywall)Melbourne renter Rebecca Shiels never expected the generosity of a landlord to help her get back on her feet. As a newly single mother, she feared for her ability to find a suitable home for herself and her young boy, in a market in desperate need of more affordable properties. ... That was until she came across a two-bedroom apartment in Ormond, in Melbourne’s south-east, advertised for $300 a week — $250 below the market rate — with HomeGround Real Estate, a not-for-profit real estate agency opened in 2014. ... Similar schemes are operated by HomeGround agencies in Sydney and Canberra, operating under Bridge Housing and Community Housing Canberra, respectively, and landlords offering rent reductions may also be eligible for land tax exemptions and capital gain tax discounts under other government measures.
https://www.domain.com.au/news/affordable-rental-initiative-give…
# Australia, Rent, Housing market, Landlords and agents.NSW Budget 2021 disappoints on housing affordability measures
Kate Burke Domain (No paywall)House-hunters hoping to get into Sydney’s soaring property market could be left disappointed by this year’s state budget, with little to help more Australians onto the property ladder in the short term.
https://www.domain.com.au/news/nsw-budget-delivers-little-for-ho…
# NSW, Home ownership, Housing affordability, State Government.