Category Archives: Housing

Australia news live: QLD LNP leader says end of coal before 2030s ‘fanciful’; patients at Sydney GP given less-effective vaccines

Posted on by

The LNP leader, David Crisafulli, appears to be walking away from a commitment to 75% emissions reduction by 2035. Follow today’s news live

Rowland questioned on gambling ad ban

Michelle Rowland was also asked why it has taken 16 months for the government – as yet – to make no decision on gambling ads. The communications minister said the government has “been working diligently in this space” but action “should have been taken on this some 10 years ago”.

We’re working very closely with the states and territories because the vast majority of recommendations in our late colleague Peta Murphy’s report go to issues that go across commonwealth and state jurisdictions.

We’re also working very closely to ensure that there are no unintended consequences here and it’s actually effective.

We have every anticipation that we will be able to respond comprehensively this year and that’s what we’re working towards as a government.

We will be taking advice on the appropriate form in which that can be done. Legislation is obviously an option because there is an interactive gambling act at the commonwealth level, which enables some of these approaches to be implemented.

There will be penalty for the platforms just as they are now in the Online Safety Act … These penalties will be drafted and, as I said, we’re currently reviewing the Online Safety Act because the penalties as they stand … the maximum penalties are less than $1 million for some offences.

They are being challenged but, at the same time, the industry does understand the need to comply here and, by and large, does comply with the rules under the Online Safety Act.

Continue reading...

Fixed and variable home loans fall ahead of expected cash rate cut by RBA

Posted on by

Australia’s interest rate is forecast to fall from 4.35% to 3.6% by this time next year, prompting seven lenders to cut their rates this week

Lenders have started lowering their mortgage rates en masse influenced by expectations of future interest rate cuts by the Reserve Bank – moves that could tempt borrowers to restructure their home loans.

The downward drift in rates is especially prevalent in fixed loans, with seven lenders cutting their rates by an average of 0.3 percentage points over the past week, according to Canstar. Four lenders cut variable rates by smaller margins.

Sign up for Guardian Australia’s breaking news email

Continue reading...

Tories challenge other Labour ministers to follow Keir Starmer in paying back donations – UK politics live

Posted on by

The prime minister said he’d paid back £6,000 worth of gifts and hospitality, including Taylor Swift tickets and his wife’s rented clothing

The UK has agreed to hand over the Chagos Islands to Mauritius, ending years of bitter dispute over Britain’s last African colony, Haroon Siddique reports.

Today’s homelessness figures highlight the need for the government to press on with banning no-fault evicitions, campaigners say.

It’s frankly ridiculous section 21 still exists – we’re approaching 6 years since the previous government first promised to abolish it, while every indicator on the dashboard has been going in the wrong direction. And now we discover homelessness caused by evictions is up almost 5% on the previous year. It’s clear from today’s data that that the renting crisis is driving the homelessness crisis …

Amid this escalating social crisis, the government’s renters’ rights bill is absolutely crucial. This legislation is a significant improvement on the last government’s effort. As drafted it will already make a difference for a lot of people.

Continue reading...

Australia’s steepest and longest rental surge in history may be nearing end, figures show

Posted on by

Annual growth is at multi-year lows in Sydney, Melbourne, Brisbane, Perth and Adelaide, suggesting the stretch of rent rises may have peaked, Domain says

Annual rent increases for houses have hit multi-year lows in Sydney, Melbourne, Brisbane, Perth and Adelaide, suggesting a relentless stretch of rising rents may have peaked, a new report has found.

Renters are still feeling the pinch from record high prices but the data in Domain’s Rent Report revealed the lowest September quarter growth rate since 2019 for houses and 2020 for units.

Sign up for Guardian Australia’s breaking news email

Continue reading...

Australia news live: Miles promises state-owned power company for Queensland; NSW police arrest woman following Sydney protest rally

Posted on by

Follow today’s news live

Children’s commissioner to address National Press Club today on youth justice

The children’s commissioner, Anne Hollonds, is due to address the National Press Club today on a new report calling for an overhaul of Australia’s approach to child justice.

That kind of slogan really is trying to show that ‘we’re really tough up here, we’re going to be tough on crime’. And what our report shows is that that approach, that traditional approach in this country, hasn’t worked and and that basically it’s evident that we’ve misunderstood the nature of the problem we’re trying to solve. We know that toughening up the justice system doesn’t actually prevent crime by children.

The idea that the states and territories could fix this on their own has been misguided, we need to work together on it.

Continue reading...

Assange says he is free because he ‘pled guilty to journalism’ – as it happened

Posted on by

This blog is now closed

National weather forecasts

Sticking with the weather, here’s a look at the forecasts across Australia’s capital cities today:

Continue reading...

Australia’s housing crisis may be starting to ease as home prices fall in four capital cities

Posted on by

New data also shows auction figures softening while rent rises are at their slowest pace in years

Australia’s housing crisis may be starting to ease with dwelling price rises tapering off and rents increasing at their slowest pace in four years, data groups say.

Property values increased 0.4% in September, close to the 0.3% rise recorded for both the previous two months, CoreLogic reported. PropTrack’s housing index was basically flat, rising just 0.04% for the month.

Continue reading...

How the most affluent Australians disproportionately benefit from negative gearing

Posted on by

Those in the top tax bracket three times more likely to be negatively geared property investor, says economist

Negative gearing helps high-earning Australians the most, with those with income of more than $180,000 annually snaring almost one-quarter of the benefits, despite numbering just 5% of taxpayers.

Data from the Australian Taxation Office showed people who earn more than $180,000 were able to lower their collective tax bill by $1.3bn in 2021-2022 through negative gearing. The $1.3bn was roughly 25% of all the losses on rental properties claimed by taxpayers in that financial year.

Continue reading...

Chalmers admits he sought advice about changing negative gearing but says it is not on Labor’s agenda

Posted on by

Treasurer says it’s ‘not unusual’ for governments to get advice on ‘contentious issues’ but stresses changes to housing tax breaks are not in the works

Treasurer Jim Chalmers has conceded he did ask his department for information about possible changes to negative gearing and capital gains tax concessions, but the government insists any reform to the controversial tax breaks are not yet on the agenda.

The Independent senator David Pocock said the government had multiple options to make the system more equitable through moderate changes while still protecting investments made by ordinary families.

Sign up for Guardian Australia’s breaking news email

Continue reading...

RBA warns two factors risk increasing number of Australians caught in mortgage struggle

Posted on by

Vast majority of borrowers servicing their debts but arrears could grow if economy slows more than expected, bank says

The number of Australians in financial stress is “small” but will be “magnified” if the economy slows more than expected or interest rates linger higher for longer, the Reserve Bank has warned.

While overseas challenges – including a faltering Chinese economy – could also upset forecasts, Australia’s financial system continued “to display a high level of resilience”, the bank said in its semi-annual financial stability review.

Sign up for Guardian Australia’s breaking news email

Continue reading...

Opposition leader calls for university’s leaders to quit – as it happened

Posted on by

This blog is now closed

The foreign affairs minister, Penny Wong, has joined an international push “to hold the Taliban to account” under the Convention on the Elimination of All Forms of Discrimination Against Women.

Wong says:

We know the women and girls of Afghanistan are effectively being erased from public life by the various edicts the Taliban … have issued.

The steps we are taking with Germany, Canada and the Netherlands are unprecedented. We are intending to use the Convention on the Elimination of All Forms of Discrimination Against Women, to which Afghanistan is a party, to take action.

If I can … say again to the Australian Lebanese community. This is a deeply distressing situation for so many of you. I know that there are many Australians in Lebanon. There are many Australians who have relatives, family and friends in Lebanon. I again urge Australians in Lebanon to leave now. There are flight cancelations and disruptions, and there is a risk that Beirut airport may close for an extended period of time.

Please do not wait for a preferred route. Please take the first option you can to leave. We continue to monitor the situation closely. We have been working with partners on contingency plans now for many months but I again say to anyone who any Australian who is in Lebanon: please leave now.

Continue reading...

Several Labor MPs ‘open’ to reforms to negative gearing to address housing crisis

Posted on by

Some politicians welcome a fresh and bold response to address affordability, while others wary of resurrecting a debate lost at the 2019 election

Some Labor MPs say the government shouldn’t be afraid of considering reforms to negative gearing, with several caucus members saying they were “open” to fresh and bolder responses to the housing crisis.

But others are wary of reopening a debate lost at the 2019 election, calling for caution amid concerns of an election scare campaign.

Sign up for Guardian Australia’s breaking news email

Continue reading...

NSW public housing official allegedly told woman she would get a home faster if she had sex with him

Posted on by

Exclusive: Woman says she was ‘desperate’ to find a home for her and her child and was ‘preyed’ on by the staffer

Police are investigating a Homes New South Wales employee, who is alleged to have propositioned a woman on the waitlist for public housing, claiming that if she had sex with him he would arrange for her and her child to get into a home faster.

The woman, who is a survivor of domestic violence and had fled in order to escape her ex-partner, said the man sent her explicit text messages from his work phone and picked her up to take her for sexual encounters in his work car.

Sign up for Guardian Australia’s breaking news email

Continue reading...

Competition minister ‘concerned’ Australians pay most in world to sell their homes online

Posted on by

Agents and critics claim business practices and pricing structure of REA Group - which owns realestate.com.au - stifle competition in market

The assistant competition minister, Andrew Leigh, says he is “concerned” Australians are paying the highest costs in the world to advertise their homes for sale online.

After a Guardian Australia investigation into the market power of the Murdoch-controlled REA Group – which owns realestate.com.au – Leigh said he wanted to see costs in the property market come down.

Sign up for Guardian Australia’s breaking news email

Continue reading...

Guardian Essential poll: Twice as many voters back Labor’s housing bills as oppose them

Posted on by

Just 20% of Greens voters supported blocking the government’s Build to Rent and Help to Buy legislation

More than twice as many voters support parliament passing the federal government’s two stranded housing bills as want them blocked, including a majority of Greens voters, according to the latest Guardian Essential poll.

The survey of 1,117 voters found that 48% believe the Greens and Coalition should pass the Labor government’s Help to Buy and Build to Rent legislation, and argue for their own policies at the next federal election. Overall support for blocking the bills was at 22%, with 30% unsure and a margin of error of about 2%.

Sign up for Guardian Australia’s breaking news email

Continue reading...

Angela Rayner hints at major social housing announcement

Posted on by

Deputy prime minister tells Labour conference she expects chancellor to make promise on building at spending review

Angela Rayner has given her strongest hint yet that Labour will announce a major package of social housebuilding in next month’s spending review, saying the party will have abandoned its “moral mission” if it fails to do so.

The deputy prime minister told an event at Labour conference on Sunday she expected the chancellor, Rachel Reeves, to make a promise on social housing next month, with the government under pressure to build hundreds of thousands more social homes.

Continue reading...

NSW to help renters avoid added app fees and make it easier to keep a pet

Posted on by

Landlords will have to offer convenient ways to avoid extra charges when paying the rent

New South Wales renters will no longer be made to pay extra fees when they pay the rent and will have greater rights to keep a pet in a suite of reforms to be announced on Monday.

The state government plans to introduce legislation to modernise the state’s rental regulation into parliament in October.

Sign up for Guardian Australia’s breaking news email

Continue reading...

Why News Corp’s realestate.com.au can put fees ‘up and up and up’, according to ex-CEO

Posted on by

Simon Baker says REA Group’s property portal is viewed ‘jealously’ by others around the world because the home-sellers pay the bills

A former chief executive of the News Corp-controlled realestate.com.au says the company views real estate agents as its “outsourced sales force”, outlining how home sellers have been targeted with ever-rising advertising costs.

Simon Baker, who was chief executive of REA Group from 2001 to 2008 and now works as a consultant in the property tech industry, says the “vendor-paid” advertising market operating in Australian real estate is rare globally.

Continue reading...

‘Planning passports’ that automatically approve high-quality new homes will be a game-changer, says Keir Starmer

Posted on by

Labour wants to see apartment blocks built in more densely populated cities to achieve its housing targets

A radical scheme to speed up the building of more apartment blocks in towns and cities – as opposed to individual houses and bungalows – has been announced by the prime minister on the eve of the Labour party conference.

Keir Starmer told the Observer in an exclusive interview that the new system of “planning passports” would be a “game-changer” as the government strives to build 1.5m new homes within five years.

Continue reading...

‘Stop doing dumb stuff,’ economist warns as housing affordability in Australia slips

Posted on by

Saul Eslake says decades of ‘bad policies’ have inflated demand as report finds about 20% of households effectively ‘locked out’ of the market

Housing affordability has deteriorated over the past year to reach its worst level since records began in 1995. First home buyers now rely on wealthy families or high-income jobs to enter the market, according to the latest housing affordability report from PropTrack.

Driven by high mortgage rates and increasing home prices, affordability further deteriorated this financial year to the point where a median-income household earning about $112,000 could afford just 14% of homes sold – the smallest share since records began. This share has declined from 43% in just three years.

Sign up for Guardian Australia’s breaking news email

Continue reading...