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Housing crises, financial difficulties, and domestic violence were the main reasons reported by those seeking homelessness support.
Families are spending almost half of their income just to pay for house loans, the highest since records began in 1996.
Foreign buyers largely target properties over the million dollar mark and do not compete directly with first home Aussie buyers.
The Coalition and Greens housing spokespersons debated the merits of their housing policies at the National Press Club on Nov. 26.
Help to Buy establishes Australia’s first national shared equity scheme.
A new housing report shows households spend over 40 percent of income on mortgages, with national rental vacancies hitting a record low of 1.6 percent.
The state’s peak real estate body has cautioned against making conditions too onerous for landlords citing the situation in New Zealand and Victoria.
Both AIP and BCA are advocating for significant reforms to counter the effects of decades of flawed housing policies.
Sydney house rents have risen by $356 weekly, adding $18,512 annually, while Perth rents climbed by $352, increasing $18,304 a year.
An academic and tax expert says negative gearing policy has little to do with housing crisis.
Sydney and Brisbane added the largest number of million-dollar suburbs, while Melbourne stagnated.
Brisbane’s average cost is below the national average, followed by Western Sydney, Perth, and Melbourne.
The funding for the Housing Australia Future Fund and National Housing Accord will support 13,700 new social and affordable homes nationwide.
The Allan Labor government contends that this move will help address the housing crisis.
The calculator allows users to determine the maximum permissible rent increase based on their specific circumstances.
