Steep drop in home ownership is a worry especially amongst young people. http://snip.ly/o8cd1
Figures in the recent Household, Income and Labour Dynamics in Australia (HILDA) survey revealed a steep drop in home ownership amongst people under 40 from almost 36 per cent in 2001 to just 25 per cent in 2015.
Dr Greg Schwann, Associate Professor of Finance at the University of Melbourne and an expert in housing and mortgages, says many crucial factors have led to the prohibitively high prices that are now locking out first home buyers.
“Australian cities are growing rapidly, more than any other cities in the world,” says Dr Schwann.
Bond aggregation and no deposit home loans can be a major disruption the housing industry. I’m not sure if the government realise it but the bond aggregator they’ve put together in the last budget could turn the property market on its head.
National Housing Conference 2017 | The Best Networking Event For Ambitious Property Developers In Australia
National Housing Conference 2017 Is A Must For Serious Property Developers
National housing conference 2017 is on and MaxiLife hopes to see you there.
Affordable Housing In Western Sydney Is Being Planned
Minister says the deal which is crucial to supply affordable housing in western Sydney is on track for completion by the end of the year.
An agreement for $5.3Billion in additional funding will be a boon for affordable housing in western Sydney which is forecast to need 185,000 extra homes over the next twenty years. The new airport and its supporting infrastructure will create a massive need for affordable housing in western Sydney.
Commonwealth, State and Local governments are working together on a plan to provide for the expected 500,000 extra residents by 2036
Discussions focused on delivering better outcomes for a City Deal region expecting 500,000 additional residents by 2036. Connectivity was raised as a critical driver of growth, with improved transport to and from and within the region, fundamental for Western Sydney to emerge as a city in its own right. The City Deal is seen as an opportunity for new approaches to regional governance.
The local government areas of Wollondilly, Camden, Campbelltown, Liverpool, Fairfield, Penrith, Blue Mountains and Hawkesbury will work together with the Commonwealth and NSW Governments to deliver a City Deal tailored to the needs of the region. Via ministers.pmc.gov.au
Affordable Housing in Western Sydney is a priority
Over the next 20 years Sydney’s population will increase by around 1.3 million, much of it in the eight local government areas covered by the Government’s Western Sydney City Deal. The region will need about 185,000 new homes over the next two decades in the west and southwest districts of Sydney to keep up with growth and take the pressure off house prices.
The Western Sydney City Deal will receive up to $5.3 billion from the Australian Government’s equity investment outlined in the 2017 Budget. Under the Deal, the Government will work in partnership with the NSW and local governments, focusing on local job opportunities; connectivity and liveability; catalysing development in the area surrounding the new Western Sydney Airport; stimulating local job growth; and improving transport options with the rest of Sydney. The Deal will offer incentive payments to the State and local governments to support planning and zoning reform, accelerate housing supply and deliver affordable housing outcomes in Western Sydney. AHURI – Western Sydney City Deal to boost housing
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Affordable Housing Losers are almost everywhere you look these days.
Affordable Housing Losers even include those that “win” at an auction in Sydney! The housing market and the economy combine with our taxation system to punish just about everyone in the housing stakes. Except investment property owners,
- Young People
- Average Workers
BUT just in case you think you aren’t one of these people you can scroll down. See how everybody is affected.
Bond Aggregator model recommended by AHURI
It wouldn’t take much to stop North Korea, but, I’m sure a bond aggregator is not going to do it. Affordable Housing is a bigger problem anyway. Recommended by AHURI, the Australian Housing and Urban Research Institute, a bond aggregator is the Commonwealth’s main contribution to solving the affordable housing crisis this budget.
Read on to find out what a bond aggregator is AND how the affordable housing crisis can provide you with a hassle free property investment.