Housing shortage to worsen
Housing shortage to worsen
November 28, 2007 http://www.theage.com.au/news/nation...036892774.html AUSTRALIA could have a shortage of 200,000 homes by 2010, exacerbating the housing affordability problem. Despite Labor policies designed to tackle housing shortages and increase incentives for Australians to save, experts have told a forum that housing affordability will worsen. The ANZ Bank's head of financial system analysis, Paul Braddick, said affordability had deteriorated sharply in the past 12 to 18 months, with higher interest rates and house prices outstripping growth in household incomes. |
Re: Housing shortage to worsen
You really are always full of the cheeriest info aren't you!:ohmy:
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Re: Housing shortage to worsen
Originally Posted by sallyclaire
(Post 5607137)
You really are always full of the cheeriest info aren't you!:ohmy:
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Re: Housing shortage to worsen
Originally Posted by @boy
(Post 5607158)
I take no joy in posting them , trust me. I only post articles from the papers here that I believe are particularly accurate and that will serve the most use to those planning to move here. It truly is the opposite to the UK/Irish market and no signs of slowing for some time to come. Worth hammering home the point to those who may have not factored it in or who may have glossed over it with all the other distractions of planning a move on this scale.
I appresiate it. :) For lots of reasons, Keep them coming... woops', posted by thesubmainman. |
Re: Housing shortage to worsen
Originally Posted by @boy
(Post 5607128)
Housing shortage to worsen
November 28, 2007 http://www.theage.com.au/news/nation...036892774.html AUSTRALIA could have a shortage of 200,000 homes by 2010, exacerbating the housing affordability problem. Despite Labor policies designed to tackle housing shortages and increase incentives for Australians to save, experts have told a forum that housing affordability will worsen. The ANZ Bank's head of financial system analysis, Paul Braddick, said affordability had deteriorated sharply in the past 12 to 18 months, with higher interest rates and house prices outstripping growth in household incomes. |
Re: Housing shortage to worsen
Originally Posted by @boy
(Post 5607128)
Housing shortage to worsen
November 28, 2007 http://www.theage.com.au/news/nation...036892774.html AUSTRALIA could have a shortage of 200,000 homes by 2010, exacerbating the housing affordability problem. Despite Labor policies designed to tackle housing shortages and increase incentives for Australians to save, experts have told a forum that housing affordability will worsen. The ANZ Bank's head of financial system analysis, Paul Braddick, said affordability had deteriorated sharply in the past 12 to 18 months, with higher interest rates and house prices outstripping growth in household incomes. |
Re: Housing shortage to worsen
Tax credits for investors to provide 'reasonable rent' housing sounds like negative gearing is going to go out the window then:blink:
Interesting scheme, Wonder what a reasonable rent is:blink:, On a $400,000 house the loan payments would be about $3800 a month, plus rates, plus insurance, plus liablitly insurance, but probably the current market rent is $350 - $380 a week:eek: FFS, no wonder there is a rental shortage. |
Re: Housing shortage to worsen
Originally Posted by jad n rich
(Post 5608090)
Tax credits for investors to provide 'reasonable rent' housing sounds like negative gearing is going to go out the window then:blink:
Interesting scheme, Wonder what a reasonable rent is:blink:, On a $400,000 house the loan payments would be about $3800 a month, plus rates, plus insurance, plus liablitly insurance, but probably the current market rent is $350 - $380 a week:eek: FFS, no wonder there is a rental shortage. OK, it's nice to be able to consider building another house, many people are struggling just to pay a rent - but the fact is private sector housing provides a lot of the current rental accommodation and if the pool of housing drops, rents go up [supply and demand] and people suffer. |
Re: Housing shortage to worsen
Originally Posted by jad n rich
(Post 5608090)
Tax credits for investors to provide 'reasonable rent' housing sounds like negative gearing is going to go out the window then:blink:
Interesting scheme, Wonder what a reasonable rent is:blink:, On a $400,000 house the loan payments would be about $3800 a month, plus rates, plus insurance, plus liablitly insurance, but probably the current market rent is $350 - $380 a week:eek: FFS, no wonder there is a rental shortage. |
Re: Housing shortage to worsen
Originally Posted by Amazulu
(Post 5607807)
Not good news if you are starting out but great news if you own property - like most of the people on here do. It's swings and roundabouts really.
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Re: Housing shortage to worsen
as a carpenter and a home owner this news is more than welcome for those who are trying to get onto the ladder i feel truly sorry for you,i know from my own experience that it is possible to build a descent home for under $100,000 if only the government wouild set aside a certain amount of land purely for people on low incomes.
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Re: Housing shortage to worsen
Loads of houses for sale where i am. People can't get rid of them. Loads!!!
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Re: Housing shortage to worsen
Originally Posted by Nu-Shooz
(Post 5608799)
Loads of houses for sale where i am. People can't get rid of them. Loads!!!
;) |
Re: Housing shortage to worsen
Nah get rid of negative gearing and rests will go through the roof.
Originally Posted by jad n rich
(Post 5608090)
Tax credits for investors to provide 'reasonable rent' housing sounds like negative gearing is going to go out the window then:blink:
Interesting scheme, Wonder what a reasonable rent is:blink:, On a $400,000 house the loan payments would be about $3800 a month, plus rates, plus insurance, plus liablitly insurance, but probably the current market rent is $350 - $380 a week:eek: FFS, no wonder there is a rental shortage. |
Re: Housing shortage to worsen
Not really, your house could be worth 100k or 1000k, it's doesn't matter becuase you can't sell as you need somewhere to live. Actually lower prices would be better becuase the cost of moving would be less, stamp duty and real estate agent fee are worked out on a percentage base after all.
Investment properties are another story though.
Originally Posted by Amazulu
(Post 5607807)
Not good news if you are starting out but great news if you own property - like most of the people on here do. It's swings and roundabouts really.
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