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Housing affordability

This Month

The Minns government plans to clear away council rules stopping low- and medium-density housing in Sydney.

Minns unveils plan for 200k homes, powered by Metro rail links

A new combined housing and Metro rail strategy will pave the way for almost 200,000 new homes across Sydney.

  • Samantha Hutchinson

November

AFR

CBA’s mortgage lending book returns to growth

The bank has arrested a shrinking mortgage book, which returned to growth in October as the bank refocused on winning new customers with digital offers.

  • James Eyers
Sydney terrace houses: the heart of the Minns government’s plan to bring 112,000 new homes to the city and surrounding areas

Terrace, duplex vision puts Minns on collision course with councils

Councils controlling low-density residential areas will be forced to allow terraces, duplexes, walk-up flats to be built.

  • Samantha Hutchinson
Superannuation funds could be used to offset home loans, Liberal MP Andrew Bragg says.

Offset home loans with superannuation, says Liberal

Senator Andrew Bragg is proposing home borrowers be allowed to shift their superannuation balances into mortgage offset accounts to reduce the sting of interest rate rises.

  • Updated
  • John Kehoe

October

NSW Premier Chris Minns and Prime Minister Anthony Albanese visit a social housing development in Riverwood.

Minns rules out Victorian empty homes tax for NSW

NSW Premier Chris Minns will tackle housing affordability by building more homes, rather than imposing ‘use it, or lose it’ measures on landowners to boost supply

  • Samantha Hutchinson
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September

OwnHome co-founders Tim Harley, left, and James Bowe believe there are enough customers with strong incomes but scant savings to provide a market for their loans.

The CBA-backed start-up that wants to pay your home deposit

OwnHome plans to lend customers their deposit, but charges high interest rates and does not yet work with the major banks.

  • Nick Bonyhady

Americans can barely afford homes – and that’s a problem for Biden

Housing affordability could shape young voters’ views of their own prosperity and the wider US economy, creating a political vulnerability for President Joe Biden.

  • Mark Niquette
The newly completed Navali BTR project in Penrith, part of the country’s pool of 4340 operational BTR units.

The BTR pipeline has surged 50pc - but doubts grow for some projects

While enthusiasm for the new housing type is good, there are also signs some developers are riding the bandwagon without intending to build even one home.

  • Michael Bleby

Buying a house cheaper than renting in only 3pc of suburbs

And only 6.5 per cent of all unit markets nationwide are more affordable for buyers than renters since interest rates started to rise.

  • Nila Sweeney

August

Victorian Premier Daniel Andrews says moving to abolish stamp duty for a more broad-based land tax would not come cheap.

Andrews urged to scrap stamp duty to ease housing crisis

The Victorian government has been urged to consider dropping stamp duty for a broad-based land tax.

  • Gus McCubbing
Melbourne Lord Mayor Sally Capp wants to push properties out of short-stay accommodation into the longer-term rental market.

Melbourne’s plan to crack down on short-stay accommodation

Melbourne Lord Mayor Sally Capp has a plan to crack down on short-stay accommodation and push more properties into the long-term rental market.

  • Gus McCubbing
Victorian Premier Daniel Andrews on Thursday said he expected his state to pick up a “healthy share” of the $3.5 billion federal housing fund.

‘Get your skates on’ and release land for housing, states told

Economists and property experts warn Australia will struggle to meet Labor’s ambitious target of 1.2 million new homes.

  • Gus McCubbing, Andrew Tillett and Larry Schlesinger
Sydney apartments under construction are nowhere near enough to deal with the lack of supply

Housing promises defy a devilish problem

National cabinet wants to persuade Australians that governments can co-operate to address the housing crisis, but the pressure is on to help tenants.

  • Jennifer Hewett
Decades of strategic failures by governments has left Australia a land-rich, housing-poor nation.

PM must drive a wooden stake through the rent control vampire

Instead of sucking the life out of housing supply, national cabinet should purse four practical steps to improve it.

  • Mike Zorbas
Victoria is considering restricting residents from objecting to new projects in they include a component of affordable housing.

Vic housing scheme part of Andrews’ planning ‘takeover’

Victorian Opposition Leader John Pesutto has accused Premier Daniel Andrews of wanting to stage a takeover of planning powers and sideline local communities.

  • Gus McCubbing and Patrick Durkin
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Premier Daniel Andrews.

‘No housing shortage’, Daniel Andrews’ lawyer tells judge

Victorian Premier Daniel Andrews says the solution to the housing crisis is more housing and land supply but reality doesn’t really match political reality.

  • Patrick Durkin
Airbnb has urged the Victorian government to take control of short-stay accommodation, rather than leaving it for councils to manage.

Airbnb pushes for guests to pay government fee

Airbnb, locals councils and a tourism body have all urged the Victorian government to take control of Airbnb regulation but are divided on the use of caps.

  • Gus McCubbing
Anthony Albanese is holding his ground on the $10 billion housing fund.

Labor, Greens to meet over housing impasse

The government and the Greens will hold talks this week in a bid to break the Senate impasse over the $10 billion Housing Australia Future Fund.

  • Phillip Coorey
Robert Redlich has slammed Daniel Andrews.

Victoria’s definition of ‘corruption’ fails the pub test: ex watchdog

Former IBAC head Robert Redlich says misconduct uncovered by an inquiry he ran should amount to corruption, and the rise of political advisers in Victoria is not serving the public interest.

  • Updated
  • Gus McCubbing

July

CBA has had the highest out-of-cycle rate increases for new customers this year.

Banks raise rates faster than the RBA as they claw back margins

Mortgage rates for new customers of the big banks are up 0.32 percentage points more than the central bank’s official rate rises this year, new data shows.

  • James Eyers and Lucas Baird