Other state governments, in particular NSW, will be watching Victoria closely to see whether this initiative will have the reverse effect by increasing demand for housing when supply simply can’t keep pace.
Forget stamp duty concessions for first-home buyers. The answer to the housing affordability issue could be a tax break for empty nesters aged over 70.
The words “property oversupply” have been bandied around a lot, but recent data shows most markets actually have an undersupply of listings.
A survey has painted a bleak picture of the rental market, with tenants reporting discrimination and poorly maintained properties. But renters have rights.
CBA will suspend new lending for investors looking to refinance as part of a crackdown on investor lending, believed to be behind housing’s rapid growth.
What’s at the top of the NSW premier’s to-do list? Housing affordability. Gladys Berejiklian says she’s open to ideas; LJ Hooker CEO Grant Harrod has a few.
Simply adding housing affordability to the stated objectives of planning laws would go a long way in positioning the issue where decisions are made.
There’s always been plenty of debate about why younger people can’t enter the housing market, and in recent weeks it has kicked up a gear.