Search Results for: housing affordability

Morrison targets state planning regulations as problem for housing affordability

From The Conversation. The government will push states to remove unnecessary residential land use planning regulations that are impeding the supply of housing, Treasurer Scott Morrison will say in a major speech acknowledging the pressing issue of housing affordability. Addressing the Urban Development Institute of Australia on Monday Morrison will say that improving affordability “right … Continue reading “Morrison targets state planning regulations as problem for housing affordability”

Housing Affordability Down In Melbourne and Canberra – HIA

The HIA has just released its Affordability Report for the September 2016 quarter which shows a small improvement in housing affordability, in some states, thanks to rate cuts but offset by rising prices. However, affordability fell in Melbourne and Canberra. During the September 2016 quarter, housing affordability improved by 0.1 per cent compared with the … Continue reading “Housing Affordability Down In Melbourne and Canberra – HIA”

Housing Affordability at ‘Crisis Levels’

From The Real Estate Conversation. Shadow Treasurer Chris Bowen has spoken about the decline in Australia’s housing affordability, saying we are ‘a nation that can no longer house its own children.’ Shadow Treasurer Chris Bowen has delivered a passionate speech at left-leaning public-policy think tank, the McKell Institute, outlining the decline in the middle class in Australia, and listing worsening housing … Continue reading “Housing Affordability at ‘Crisis Levels’”

Housing Affordability: Baby Boomers vs. Gen Y

From On The House. Few owner occupiers today, nor many owner occupiers in 1989, could enjoy stress free and affordable weekly mortgage repayments. Lack of affordability is not so much a generational problem as it is a socio-economic problem. Inter-generational arguments over affordability have again become salient in the media. Characterisations of moaning millennials were … Continue reading “Housing Affordability: Baby Boomers vs. Gen Y”

Subprime gets bad rap in ‘Big Short’ but is key to easing housing affordability crisis

From The Conversation. Anyone who’s dug into the 2008 financial crisis knows the role that bundling and selling subprime housing loans played in bringing the world to the brink of economic collapse – out-of-control behaviors well-depicted in the movie “The Big Short.” But one thing I hope “The Big Short” doesn’t do is further tarnish … Continue reading “Subprime gets bad rap in ‘Big Short’ but is key to easing housing affordability crisis”

Increasing loan size brings housing affordability down

The latest edition of the Adelaide Bank/ REIA Housing Affordability Report shows that overall housing affordability in Australia declined over the September quarter with homes becoming less affordable in five out of the eight states and territories. The report provides a comprehensive update for the sector using the latest data for the September Quarter 2015. … Continue reading “Increasing loan size brings housing affordability down”

Housing Affordability Falls – Moody’s

The current low mortgage interest rates have failed to offset the impact of rising house prices over the past year, and the implementation of interest rate hikes this month will further increase delinquency and default risks for mortgage loans says  Moody’s analyst Natsumi Matsud.  Specifically, the less affordable a mortgage becomes relative to household income, the higher the risk of delinquency … Continue reading “Housing Affordability Falls – Moody’s”

Housing Affordability Deteriorates

The HIA Affordability Index for the September 2015 quarter indicates that housing affordability has deteriorated further, said the Housing Industry Association. “Sluggish earnings growth and the strong pace of dwelling price growth in the two key markets means that home purchase moved beyond the reach of a greater number of Australian households,” explained HIA Senior … Continue reading “Housing Affordability Deteriorates”

Housing Affordability Deteriorates in Mid 2015 – HIA

The HIA Affordability Index fell in the June 2015 quarter, signalling a deterioration in affordability conditions, said the Housing Industry Association industry. “The positive impact of a second interest rate cut for the year in May was overwhelmed by an increase in the CoreLogic RP Data median dwelling price and the persistence of sluggish earnings … Continue reading “Housing Affordability Deteriorates in Mid 2015 – HIA”

The Facts on Australian Housing Affordability – The Conversation

From The Conversation. Housing affordability, high house prices and rents are attracting plenty of media attention right now. The latest figures on house prices, mortgages, number of first time buyers and so on are dissected by journalists and commentators as if this is an issue of recent origin. In fact what we have here is … Continue reading “The Facts on Australian Housing Affordability – The Conversation”