Property Investment Is A long Term Game
Vancouver has been grappling with its housing affordability crisis for over a decade – and its mayor has some advice for Sydney.
Part of the problem, he said, is that Australia and Canada were “way behind in innovation in government” and cities were left with few real policy levels to tackle the issue.
Home loan arrears are at the highest levels for five years http://snip.ly/mky1h
The proportion of Australian residential mortgages more than 30 days in arrears rose to its highest level in five-years, according to Moody’s Investors Service.
Affordable housing development Willoughby has added 42 new homes to Link Housings stock. Affordable housing development is coming into its own. Property developers and property investors are seeing that it is simply good business.
National housing conference 2017 is on and MaxiLife hopes to see you there.
One day people will say, “first home buyer” and laugh. I’m not saying first home buyers will be extinct. Like unicorns, affordable housing for first home buyers will be very very rare.
The gap between house price growth and wages growth in Australia is killing off the first home buyer.
What causes low housing affordability? This is a question people have been asking since this current property boom began.
Perhaps it isn’t the right question.
Housing Affordability – The Real Issue and What Can Be Done About It. DF Partners, May 2017
Only 8% of Australians aged between 18 and 35 (the millennials) believe they will be financially better off than their parents (Deloitte Millennial Survey 2017). Housing affordability is top of mind for many Australians in this age group resulting from national house prices accelerating ahead of national income.
In this article Development Finance Partners’ (DFP) Senior Credit Executive Stephen Turner discusses the dynamics behind the issue and assesses the potential solutions.