Digital Finance Analytics (DFA) Blog
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From The Conversation. The re-election of the Morrison government has delivered an Australian housing policy platform based on home ownership. The recently announced First Home Loan Deposit Scheme and the existing First Home Super Saver Scheme complement first home buyer grants and stamp duty concessions from state and territory governments. What we aren’t going to … Continue reading “Housing affordability has improved slightly, but…”
Housing affordability declined in all states and territories, with the exception of Victoria and the Northern Territory, according to the December quarter 2018 edition of the Adelaide Bank/REIA Housing Affordability Report, via The Real Estate Conversation. “The slight downtick in housing affordability nationally for the quarter is disappointing,” Darren Kasehagen, Head of Third Party Banking, … Continue reading “Housing Affordability Down Again”
Home prices are horribly high in Australia. I think we can all agree on that point. But what is really driving this? “Classic” economic theory is that supply and demand of property drives prices, so factors such a number of builds, population and migration, and planning controls are all to blame. Indeed, a recent paper … Continue reading “Popping The Housing Affordability Myth”
From The Conversation. So much of Australia’s history and success is built on immigration. Migrants have benefited incumbent Australians by raising incomes, increasing innovation, contributing to government budgets, smoothing over population ageing and diversifying our social fabric. But it is also true that immigration is affecting house prices and rents. Australian governments are squandering the … Continue reading “Migration and Housing Affordability”
Housing in Australia is severely unaffordable, and despite the growth in jobs, unemployment in some centres is rising. We look at the evidence. Welcome the Property Imperative Weekly to 27th January 2018. Thanks to checking out this week’s edition of our property and finance digest. Watch the video or read the transcript. Today we start … Continue reading “Housing Affordability and Employment – The Property Imperative Weekly 27 Jan 2018”
Our latest Video Blog discusses the Demographia Housing Affordability Report with specific reference to Australia. The latest 14th edition of the Annual Demographia International Housing Affordability Survey: 2018, using 3Q 2017 data continues to demonstrate the fact that we have major issues here. There are no affordable or moderately affordable markets in Australia. NONE!
We discussed the latest Demographia report and housing affordability on 2GB today, with Ben Fordham. There are no affordable or moderately affordable markets in Australia. NONE! We have a structural problem. Housing Unaffordable In Australia – Demographia
The RBA released their latest Bulletin today and it contained an interesting section on Housing Accessibility For First Time Buyers. They suggest that in many centers, new buyers are able to access the market, at the current low interest rates. But the barriers are significantly higher in Melbourne, Sydney and Perth. They also highlight that … Continue reading “The RBA On Housing Affordability”
From The Real Estate Conversation. Housing affordability has improved across all states and territories, allowing for a large increase in the number of loans to first-home buyers, according to the September quarter edition of the Adelaide Bank/REIA Housing Affordability Report. The report shows the proportion of median family income required to meet average loan repayments decreased … Continue reading “Housing Affordability Improves For Some”
Industry Super Australia, a research and advocacy body for Industry super funds, has published an excellent discussion paper on “Assisting Housing Affordability” which endeavors to identify the underlying causes of affordability issues, and to consider some useful policy responses in the current and historical context. They rightly consider both supply and demand related issues. They call … Continue reading “Housing Affordability, A Complex Equation”