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 affordability lessons from Vancouver for the City of Sydney

Mortgage arrears at five-year high: Moody’s

Home loan arrears are at the highest levels for five years http://snip.ly/mky1h

home loan arrears

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

 

Affordable Housing Development Willoughby | Link Housing opens new homes in Willoughby

Link Homes Manages 42 New Affordable Homes

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.

affordable housing development willoughby

Affordable Housing Development Opened at Willoughby

Affordable housing development will soon be crucial part of any serious property developers business plan

housing market

Housing Market Ups And Downs

Housing Market – Way More Ups Than Downs

Housing market analysis of the last twenty years show a rise of over 360% according to Corelogic. The biggest fall, less than 7.5% showing residential investment property works over the long term.

 Across the combined capital cities, dwelling values have increased by 346.4% over the 20 years to April 2017.  In the two periods in which values have fallen, capital city dwelling values fell by -6.1% between March and December 2008 and they fell by -7.4% between October 2010 and May 2012. Downturn refresher: what happens when prices start falling? –

Affordable Housing for First Home Buyers – a Unicorn? 40 years’ worth of savings for a Sydney deposit, UBS modelling shows – ABC News (Australian Broadcasting Corporation)

Affordable Housing for First Home Buyers

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.

affordable housing for first home buyers

Or will it be homes for first home buyers that will be rare?

The gap between house price growth and wages growth in Australia is killing off the first home buyer.

what causes low housing affordability

What Causes Low Housing Affordability – The Real Issues

What Causes Low Housing Affordability? Low Wages is a Big One!

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.

Perhaps it is not “what causes low housing affordability?”  but “why can’t people afford houses?” Why do we have cops that couch surf?

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.

Worst cities for affordable housing IN THE WORLD 1/4 are in Australia

Worst Cities for Affordable Housing Are In Australia

Sydney beaten only by Hong Kong as one of the worst cities for affordable housing in the world

I wonder how many police in Hong Kong sleep in their cars because they can’t afford a place to live? One of the worst cities for affordable housing, Sydney has that problem. Couch Surfing Cops.

worst cities for affordable housing