A new report has warned that Australia's migration intake might need to be cut in order to address the chronic housing affordability crisis in major cities like Sydney and Melbourne.
The Grattan Institute research centre report said despite politicians pr... moreA new report has warned that Australia's migration intake might need to be cut in order to address the chronic housing affordability crisis in major cities like Sydney and Melbourne.
The Grattan Institute research centre report said despite politicians proclaiming they are dealing with the nation's housing crisis; they have actually had little impact.
The institute has warned housing affordability is getting worse with young, low-income families the worst hit in trying to buy home.
And those lucky enough to get a mortgage are finding it harder to pay it off given loans are larger and wages growth is low.
The Melbourne-based centre's latest report has labelled governments "neglectful" and said their policies had created a "housing mess."
It has accused both state and federal governments of concentrating on quick-fix, short-term solutions, rather than committing to a long-term overhaul of planning for housing.
The Grattan Institute's Chief Executive John Daley said: "it's bad. It's getting worse," while summi... less
Councils across Sydney will be under pressure to rezone more land for more housing, as part of the state government's determination to increase the supply of new homes in the city.
Soon after the New South Wales government announced it was doubling the tax for foreign home buyers earlier this month, calls started flooding in to Sydney-based real estate agent Shan Lin.
The idea of trading a backyard for a balcony is no longer foreign to Australians, with house hunters across the country, especially first-home buyers, now viewing apartments as a viable option. But how do you find a cheap one?
Treasurer Scott Morrison on Tuesday announced a $75 billion plan to build roads, railways and runways across Australia with a budget aimed at boosting growth and the government's flagging poll ratings. At the same time, he hit the biggest banks with a new...
Home prices in Australia's biggest cities have jumped 3.7 per cent since the start of the year with the proportion of settled auctions on the rise as well.
It’s hard to believe that a centrally-located suburb with large apartments, fantastic transport links and comparatively low prices could remain under the radar in Sydney.
A new report has warned that Australia's migration intake might ... moreA new report has warned that Australia's migration intake might need to be cut in order to address the chronic housing affordability crisis in major cities like Sydney and Melbourne.
The Grattan Institute research centre report said despite politicians proclaiming they are dealing with the nation's housing crisis; they have actually had little impact.
The institute has warned housing affordability is getting worse with young, low-income families the worst hit in trying to buy home.
And those lucky enough to get a mortgage are finding it harder to pay it off given loans are larger and wages growth is low.
The Melbourne-based centre's latest report has labelled governments "neglectful" and said their policies had created a "housing mess."
It has accused both state and federal governments of concentrating on quick-fix, short-term solutions, rather than committing to a long-term overhaul of planning for housing.
The Grattan Institute's Chief Executive John Daley said: "it's bad. It's getting worse," while summi... less
A new report has warned that Australia's migration intake might ... moreA new report has warned that Australia's migration intake might need to be cut in order to address the chronic housing affordability crisis in major cities like Sydney and Melbourne.
The Grattan Institute research centre report said despite politicians proclaiming they are dealing with the nation's housing crisis; they have actually had little impact.
The institute has warned housing affordability is getting worse with young, low-income families the worst hit in trying to buy home.
And those lucky enough to get a mortgage are finding it harder to pay it off given loans are larger and wages growth is low.
The Melbourne-based centre's latest report has labelled governments "neglectful" and said their policies had created a "housing mess."
It has accused both state and federal governments of concentrating on quick-fix, short-term solutions, rather than committing to a long-term overhaul of planning for housing.
The Grattan Institute's Chief Executive John Daley said: "it's bad. It's getting worse," while summi... less
