Housing affordability lessons from Vancouver for the City of Sydney

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. Source: Housing

Mortgage arrears at five-year high: Moody’s

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. Source: Mortgage arrears at five-year high: Moody’s