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Rebecca Conroy

Housing blame game here to stay in world of infinite demand - 0 views

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    "hey are not increasing affordability. They are not more environmentally sustainable. They are increasing housing supply, mainly for local and global elites to accumulate capital. A major consequence of the Australian government's taxation and regulatory regimes regarding housing has been to increase prices by encouraging demand for housing as a commodity, rather than a place to live. The various inquiries into the state of the Australian housing market should look at not just the regulations on foreign investment, but at the taxation regimes that encourage the home-grown approach. Most importantly the inquiries should ask: what is the effect of Australian regulation and taxation regimes on what is being built, and for whom?"
Rebecca Conroy

We Don't Need More Houses | newmatilda.com - 1 views

  • Hometrack's Brendan Darcy recently released analysis claiming that the ABS data significantly under-estimated the housing supply in Australia, because it only counts "occupied dwellings". But on census night in 2006, the ABS reported 830,000 unoccupied dwellings. "We estimate there are at least 10 million dwellings in Australia compared with ABS data showing occupied dwellings of 8.3 million. The extra one to two million dwellings consist of a mixture of housing awaiting sale or development, vacant dwellings, second homes, and abandoned homes," Darcy concluded.
  • Australia has one of the most skewed property taxation regimes in the industrialised world, rewarding investors and owner-occupiers at the expense of renters and those looking to buy a house. The Capital Gains Tax exemption for the family home costs taxpayers $30 billion a year, disproportionately advantaging those of us who own multi-million dollar homes.
  • the number of landlords reporting profits grew by 36,000, while those reporting losses grew by 594,000.
Rebecca Conroy

Not buying lattes won't help me buy a house | Bridie Jabour | Comment is free | theguar... - 0 views

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    Read this. Interested in the tension on SMH.com too - one day there's an article about amazing high price sales, next day there's an article about how GENY is priced out - mixed messages to the max.
jennifermae

Boom threatens the great Australian dream of a home - 0 views

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    more boom and bust stuff from SMH - N.B. Senate Enquiry into affordable housing: "But housing affordability isn't just a problem for middle-class Australia. Concern about a lack of affordable housing has prompted a Senate inquiry - due to report in June - on the regimes of incentives, planning and funding that currently affect the supply of affordable housing for the country's most vulnerable and less well-off."
jennifermae

Housing bubble fears: property prices could fall 10 to 20 per cent - 1 views

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    The Economy Widening gap: Housing prices have outpaced wage growth over the past 12 months. Photo: Fiona Morris The $4 trillion Australian housing market is now overvalued by at least 10 per cent. Every day, valuations get more stretched. Indeed, Australia is just months away from having the most expensive residential property market in history.
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