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Read the comments alongside the article here - interesting speculation and use of evidence. initiatives will not turn the affordability problem around while tax settings continue to support existing homeowners and investors at the expense of first time buyers and renters. Moreover, apart from a brief interruption 2008-2012, the Commonwealth has been steadily winding back its explicit housing role for more than 20 years. The post of housing minister was deleted in 2013, and just last month Government senators dismissed calls for renewed Commonwealth housing policy leadership recommended by the Senate's extensive (2013-2015) Affordable Housing Inquiry. This complacency cannot go unchallenged.

House prices rise, affordability expected to worsen despite property slowdown later this year: CBA By business reporter Michael Janda Updated about 3 hours ago Auction sign on house replaced with sold sign Photo: Sydney, Melbourne and Hobart led gains for the month, quarter and year. (ABC News: Ian Cutmore) Related Story: Property investor borrowing drives credit surge Related Story: Property investors lead home loan surge Related Story: Wealthiest suburbs among most vulnerable to mortgage stress Map: Australia If you thought it was hard to get into the housing market, it may yet get worse unless the Federal Government changes tax policies to reduce investor demand. Key points: Sydney home prices up 16pc over 12 months, Melbourne up 11.8pc CBA economists call for "gradual reforms to both supply and demand issues" Bank regulator likely to intensify investor loan crackdown That is the warning of economists at Australia's biggest mortgage lender, the Commonwealth Bank.

EVERYONE HAS A THEORY about who's to blame for the housing shortage that's driving up prices and chasing Bay Area families out of the region. A new poll offers surprising insights into where most of us point the finger: not at the government officials who control what homes are built where, but at the tech companies that have flooded this region with jobs and the real estate developers trying to maximize profits.

The census has been used for hundreds of years to determine how many U.S. House members each state will have, and it currently helps determine how hundreds of billions of dollars in federal spending is divvied up. "The risk that really troubles me is that there's a big undercount and then there's a big lack of representation," said John Thompson, who was director of the U.S. Census Bureau until he resigned last year (the bureau is still without a director).

Washington Post video discussing changes to Medicaid in the US. Republicans say they're not cutting Medicaid, they're increasing funding (just by less), others say this is a cut. The White House includes misleading and incomplete information in its video explaining Obamacare's failures.

Exhorted by President Trump, federal administrators and many Republican state officials are drafting rules requiring people to work in exchange for Medicaid, housing aid and food assistance. But what happens when the poor live where work is hard to find? In Michigan, the state's Senate has passed a proposal that would exempt Medicaid recipients from a work requirement partly on the basis of geography - if they live in a county where unemployment exceeds 8.5 percent. Michigan's approach, critics point out, would mean that poor, mostly white rural counties are exempted, but not the predominantly black, economically troubled cities of Detroit and Flint.

This is an example of imprecise communication - it's right to talk about percentage increase (rather than percentage point change) but it isn't clear what the baseline was which makes it a bit confusing (475,000/120*100 will give you the median price 3 months ago of 395833.33). Note the use of the median rather than the mean - remember why that's a sensible idea in this context! Home prices have risen by more than 20 per cent to a $475,000 median. The change in median price over the past year was up by 26.7 per cent. And compared to three years ago Cremorne prices have grown by almost 40 per cent. Look back five years and prices have increased by a mighty 70 per cent, the report revealed.

On Friday, the Australian Taxation Office, as it does every April, released the latest batch of annual taxation statistics. And as ever, the data was used in rather contorted ways to suggest the budget needed to reduce the level of taxation paid by the wealthiest and to make it seem like the richest were the ones doing it tough. The other old chestnut that got a run in the Australian is that more school teachers actually use negative gearing than company executives. Again, is it really a shock that "while 72,000 investors were listed as company executives, 99,000 people claiming rental losses on their tax returns were either teachers, nurses or midwives"? Given there are about 300,000 more people working as teachers, nurses or midwives than there are company executives, does anyone really think that because 27,000 more of them might use negative gearing is proof of anything? The crucial thing is not the total number, but the proportion of teachers and nurses (and any other profession) who use negative gearing.