Tag: affordability

Apartments, starter housing and the impatience of youth

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A developer friend from my days as a business journalist sent me his frank appraisal of the housing affordability crisis, which he described as more of a ‘crisis of expectations’. There are many Brisbane suburbs, Dan wrote, where post-war houses sell for less than $450,000. He named a few – Keperra, Ferny Grove, Grovely, all 12 kms from the CBD with good public transport networks and excellent shopping amenity.  Most of these homes are ex-…

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Homeless for a rainy night

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For some, today is a reminder that anyone can become homeless, with various agencies (and reality TV) bringing this urgent issue to light. It also marks the end of the financial year, a kind of witching hour for those engaged in financial markets, investing in rental housing, or running Australia’s businesses, large and small. For seventy-nine intrepid souls, our charity sleep-out on Maroochydore beach was thwarted by early morning drizzle turning into heavier rain. Some…

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Housing bubbles here and abroad

Kiwis and Aussies aged 45 and over share one obsessive thought at this moment in time: how will our kids ever be able to afford their own home? Unless the housing bubble bursts, they probably never will be able to, even when the Boomers die off and leave their kids a residual estate. The housing market both here and in Aotearoa has got away from humble wage earners. On my all-too quick visit to the…

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Goodwill housing

While we’re all getting in the goodwill mood, Australians need to think seriously about this country’s housing problem. There isn’t enough of it to go around and what property is available is often out of the reach of low income households.   (Percentage of age groups with mortgages: ABS Surveys of Income and Housing) This is no overnight thing. Tax concessions which favour property investors have led to a big swelling of their ranks –…

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