Tag: rental vacancies

Submarines or social housing?

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One of our readers commented that on the same day the media were banging on about the Federal Government’s $368 billion submarine plan, a lone SBS panel programme focused on the national housing crisis. It is tempting to compare spending on affordable housing with the capital cost of up to five nuclear-powered submarines. The Federal Government’s (annual) commitment to affordable housing (currently $1.6 billion), equates to about 13% of its annual submarine budget (ie if…

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Rental crisis raises risk of homelessness

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This topic was sparked by news from a near-neighbour who had received the dreaded ‘landlord requires vacant possession’ letter. All tenants go into a lease today knowing that the landlord can decide to sell the property, at which point they will be evicted. A lot of landlords have been doing that over the last two years, taking a profit as property prices spiralled. The rental vacancy figures in this town and just about everywhere else…

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Affordable housing – a key election issue

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Wherever you go in Australia to visit friends and family, the conversation very soon turns to the scarcity and high cost of rental housing. The topic will then quickly shift to the ever-rising cost of houses and why parents worry about their adult kids taking on seven-figure mortgages. As residential property analyst Michael Matusik recently said, it comes down to the Bank of Mum and Dad. Few cities or towns have escaped the 20% rise…

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