Tag: housing crisis

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Renters finding it impossible to nab a rental

Renters finding it impossible to nab a rental

Finding an available rental property in some suburbs is virtually impossible at the moment, with extremely high demand and almost unprecedented low supply.

New data from PropTrack shows the areas around Australia at the forefront of the rental crisis, where would-be tenants face intense competition and sky high prices.

Just how tight are rental markets? PropTrack economist Angus Moore explains.

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Housing affordability: How other countries are tackling housing shortages

Housing affordability: How other countries are tackling housing shortages

REA Group and Proptrack economist Anne Flaherty explains how housing affordability and housing shortages has become an issue in recent years and what other countries, like New Zealand are doing to help, including lowering barriers for medium density development and build-to-rent developments to provide stability for renters.

0:37 What countries are struggling with housing affordability
1:48 Build-to-rent developments

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Is the great Australian dream of homeownership dead?

Is the great Australian dream of homeownership dead?

REA Group and Proptrack economist Anne Flaherty looks at falling rates of home ownership among Australians, rising house prices and the difficulties first home buyers have in saving a deposit.

0:25 Current state of housing affordability in Australia
1:26 Shifting home buyer perceptions

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Stamp duty reforms don’t go far enough to help homebuyers

Stamp duty reforms don't go far enough to help homebuyers

First homebuyers will be given the opportunity to choose between an upfront payment or a smaller annual property tax under reforms aimed at making home ownership more affordable in NSW.

The First Home Buyer Choice scheme is part of a multi-billion dollar housing package to be unveiled in the 2022-23 NSW Budget.

Under the new initiative, first homebuyers who opt into the property tax will pay an annual property tax of $400 plus 0.3 per cent of the land value of the property.

But while these reforms are a step in the right direction to bridge the affordability gap, they don’t go far enough as PropTrack economist Angus Moore explains.

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Multigenerational living: Should you live with your parents forever?

Multigenerational living: Should you live with your parents forever?

More Aussies are taking in their elderly parents, while fewer kids are flying the family nest, making instances of multigenerational living more common.

Once upon a time, this kind of living scenario wasn’t uncommon, with two or three generations more likely to live together under one roof. But it faded away over the past 100-odd years as rising wealth and societal changes in the West saw living in smaller family units favoured.

Now, for a number of reasons, chief amongst them affordability concerns, multi generational living is on the rise once more.

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Is the Great Australian property dream still realistic?

Is the Great Australian property dream still realistic?

A quarter-acre block with a family sized home and big backyard was long desired by Australian buyers. But is this dream still realistic?

Our love for the big family home took hold when new suburbs were being developed rapidly and there was abundant space for low-density living. This is simply not as viable in today’s competitive market.

House prices Australia-wide have accelerated significantly in recent times, making the purchase of large blocks and homes more challenging – particularly for first home buyers. So what are developers doing to help the affordability crisis? Is there a solution?

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Why It’s So Hard To Find An Affordable Home

Why It’s So Hard To Find An Affordable Home

We won’t build our way out of the housing crisis like this.
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Rental Crunch: Fixing Australia’s tight rental market

Rental Crunch: Fixing Australia's tight rental market

Australians looking to rent a home at the moment will find few properties and lots of competition. So what can be done to relieve some of the pressure?

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Rental Crunch: The rent squeeze costing Aussies

Rental Crunch: The rent squeeze costing Aussies

Rents are going up and available options are scarce, but why are there so few suitable options for Aussie renters? What is the social cost of the rental squeeze?

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Rental Crunch: Understanding what’s causing Australia’s growing issue | Realestate.com.au

Rental Crunch: Understanding what's causing Australia's growing issue | Realestate.com.au

The tightening rental market is being felt across the country, with low vacancy rates, high demand and rising rents leaving many tenants feeling frustrated about the burgeoning crisis. So how did we get to this point, and what’s causing the rental crunch?

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